Danone raises offer for Lifeway Foods

Lifeway Foods jumps as Danone boosts offer to $27 a share
Lifeway Foods (NASDAQ:LWAY) rose 10% in premarket trading after Danone (OTCQX:DANOY) boosted its offer to $27 a share for the maker of Kefir products. Danone (OTCQX:DANOY) increased its offer to $27 from $25 a share,
Danone boosts offer for kefir maker Lifeway Foods to $307M
In a letter, Danone said it was “disappointed” by the response to its earlier $283 million proposal and noted the increased price “fully reflects the fundamental potential of the Company.”
Lifeway Foods confirms $27.00 per share buyout proposal from Danone
Lifeway Foods (LWAY) confirmed that it has received a revised, unsolicited, non-binding proposal from Danone North America (DANOY) to acquire
Danone Ups the Ante to Purchase Lifeway Foods
After initial offer to purchase Lifeway Foods for $25 per share was rejected, Danone North America PBC has increased its proposal to $27 per share, or about $23 million more.
Lifeway Foods rejects Danone’s $283M ‘opportunistic’ takeover offer
The keifer maker said its board determined that the “proposal substantially undervalues” the company and was not in the best interest of its shareholders.
Danone raises offer for Lifeway Foods to $27 per share
In a letter updating on Danone’s (DANOY) proposed acquisition of Lifeway Foods (LWAY), which was disclosed in a regulatory filing, Danone
Lifeway Foods Gets Higher Acquisition Offer From Danone
Lifeway Foods said will review and evaluate the revised proposal. Danone currently owns about 23% of Lifeway’s outstanding common stock.
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