Brief: Danone S.A. - Danone North America PBC Sent Second Letter To Lifeway Foods In Order To Express Disappointment In Board’s Response To Initial Proposal

Lifeway Foods

15/11/2024 14:14

Nov 15 (Reuters) - Lifeway Foods Inc  LWAY.O :
    * DANONE S.A. - DANONE NORTH AMERICA PBC SENT SECOND LETTER
TO
LIFEWAY FOODS IN ORDER TO EXPRESS DISAPPOINTMENT IN BOARD’S
RESPONSE TO INITIAL PROPOSAL
    * DANONE S.A. - LETTER TO LIFEWAY FOODS REITERATE DANONE
NORTH
AMERICA PBC’S STRONG COMMITMENT TO THE PROPOSED TRANSACTION
    * DANONE SA - IN UPDATED PROPOSAL, DANONE NORTH AMERICA PBC
INCREASED OFFER FOR PROPOSED TRANSACTION FROM $25.00 PER SHARE
TO $27.00 PER SHARE
    * DANONE SA - INTEND TO ENGAGE IN DISCUSSIONS WITH LIFEWAY
FOODS
REGARDING TERMS OF PROPOSED TRANSACTION
    * DANONE SA-PROPOSED DEAL WOULD BE WHOLLY FUNDED IN CASH
FROM
EXISTING CASH RESERVES OF REPORTING PERSONS,NOT CONTINGENT ON
ANY FINANCING REQUIREMENTS

Source text:  ID:n0001193125-24-259418 
Further company coverage:  LWAY.O 

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