Edward and Ludmila Smolyansky Call for Lifeway Foods (NASDAQ: LWAY) to Establish a Special Committee to Evaluate Danone's Offer
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Edward and Ludmila Smolyansky, who control 29.7% of Lifeway Foods' shares, urge the board to form a special committee to evaluate Danone's acquisition offer of $27 per share.
November 22, 2024 | 3:00 pm
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Lifeway Foods' founding shareholders are pushing for the board to form a special committee to evaluate Danone's acquisition offer of $27 per share.
The call for a special committee by major shareholders indicates a serious consideration of Danone's offer, which could lead to a potential acquisition. This news is likely to positively impact LWAY's stock price in the short term as investors anticipate a possible buyout at a premium.
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