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Board of directors points to revenue and profit margin growth as proof that Danone’s offers have “substantially” undervalued the kefir manufacturer.
Credit: Tada Images/Shutterstock. Danone has increased its bid to buy US-based kefir and fermented probiotic products maker Lifeway Foods outright. The French giant, which is already a minority ...
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Lifeway said the revised offer “is not in the best interests of the company and its shareholders or other stakeholders”.
Lifeway Foods has rejected Danone‘s latest takeover offer, arguing the bid “substantially undervalues” the US kefir company. Last week, the French dairy giant raised its offer to buy Lifeway ...
in September offered to buy the remainder of Lifeway (LWAY) it doesn't already own for $25 a share in cash. The French yogurt company currently has a 23% stake in the maker of Kefir. Shares of ...