Lifeway Foods Confirms Receipt Of $25.00 Per Share Cash, Non-binding Proposal From Danone North America
Portfolio Pulse from Benzinga Newsdesk
Lifeway Foods has received a non-binding proposal from Danone North America to acquire the company at $25.00 per share. Danone currently owns 23.4% of Lifeway's stock. Shareholders are advised not to take any action yet.
September 24, 2024 | 8:08 pm
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Lifeway Foods has received a non-binding acquisition proposal from Danone North America at $25 per share. Danone already holds 23.4% of Lifeway's stock, indicating a potential strategic move.
The proposal from Danone at a premium price of $25 per share suggests a potential acquisition, which typically leads to a positive short-term impact on the stock price. Danone's existing 23.4% stake indicates a strong interest in Lifeway, further supporting the likelihood of a favorable outcome for shareholders.
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