Lifeway Foods, Inc. confirmed on September 24, 2024, that it received an unsolicited, non-binding proposal from Danone North America PBC to acquire all outstanding shares of common stock of Lifeway it does not already own for $25.00 per share in cash. Danone beneficially owns approximately 23.4% of Lifeway's outstanding common stock.
The Board of Directors of Lifeway Foods, in consultation with its independent outside advisors, will carefully review and evaluate the proposal. This evaluation will determine the course of action that the Board believes is in the best interests of the Company and its stakeholders.
This proposal represents a significant event for Lifeway Foods, as it could lead to a potential change in ownership and strategic direction for the company. Shareholders are advised that no action is required at this time.
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