Lifeway Foods falls after Danone drops takeover pursuit
ReutersSep 18, 2025 1:11 PM
Shares of Kefir-maker Lifeway Foods LWAY.O down ~24% at $25.69 premarket
French food group Danone, DANO.PA in SEC filing, says it will no longer pursue acquisition of Lifeway, adding it is in process of reviewing alternatives for its investment in LWAY
Danone North America PBC, subsidiary of DANO, had offered to buy LWAY for $25 per share in cash in September 2024; LWAY had rejected revised unsolicited proposal in November last year, saying it undervalued co
Danone currently owns 22.7% of outstanding shares of LWAY - data compiled by LSEG
Up to last close, LWAY stock has risen ~36% YTD
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