Danone in its proposal to acquire the shares it does not already own in Lifeway Foods
On November 15, 2024, Danone North America PBC, a subsidiary of Danone S.A. (BNP.PA), submitted a proposal to acquire the remaining 76.7% of the outstanding shares of Lifeway Foods Inc. (Nasdaq: LWAY) it does not already own for $27 per share in cash. This revised proposal follows Lifeway’s rejection of a previous offer from Danone made on September 23rd.
Wachtell, Lipton, Rosen & Katz is serving as legal advisor to Danone.