Aug. 1 at 7:53 PM
Danone Eyes Lifeway Foods Again in Third Acquisition Attempt.
Danone is revisiting a potential acquisition of Lifeway Foods , which dominates the U.S. kefir market. A confidentiality agreement gives both parties until Sept. 15 to reach a deal. Previous all-cash offers of
$25 and
$27 per share were rejected.
Danone already owns 23% of LWAY and may back a shareholder push—led by co-founders Ludmila and Edward Smolyansky—to replace the board if no deal is reached. Lifeway, valued at
$186.8M in 2024 revenue, has seen internal power struggles and ongoing legal disputes with Danone over share issuance rights..
$BN $LWAY