Lifeway Foods Rejects Danone's Second Acquisition Offer
Lifeway Foods, Inc., a U.S. supplier of kefir and fermented probiotic products, has rejected a second unsolicited, non-binding proposal from Danone North America PBC to acquire all outstanding shares of Lifeway’s common stock it does not already own for $27 per share in cash.
According to the Schedule 13D amendment with the U.S. Securities and Exchange Commission disclosing the revised proposal, Danone owns approximately 23.3% of Lifeway's outstanding common stock.