Brief: Danone North America Proposes to Buy All Of Lifeway Foods' Shares

Lifeway Foods

23/09/2024 21:21

Sept 23 (Reuters) - Lifeway Foods Inc  LWAY.O :
    * DANONE NORTH AMERICA PBC - SENT A LETTER TO LIFEWAY FOODS
INC
    * DANONE NORTH AMERICA PBC - PROPOSING TO ACQUIRE ALL OF
LIFEWAY
FOODS' SHARES OF COMMON STOCK FOR PURCHASE PRICE OF $25.00 PER
SHARE IN CASH
    * DANONE NORTH AMERICA PBC - PROPOSED DEAL WOULD BE WHOLLY
FUNDED
IN CASH FROM EXISTING CASH RESERVES OF REPORTING PERSONS
    * DANONE NORTH AMERICA PBC - INTEND TO ENGAGE IN DISCUSSIONS
WITH
LIFEWAY FOODS REGARDING THE PROPOSED TRANSACTION
    * DANONE NORTH AMERICA PBC REPORTS 23.4% STAKE IN LIFEWAY
FOODS AS
OF SEPT 23 - SEC FILING

Source text for Eikon:  ID:n0001193125-24-223664 
Further company coverage:  LWAY.O 

 ((Reuters.Briefs@thomsonreuters.com;))