Lifeway Foods falls as Danone agreement reshapes board

Lifeway Foods

30/09/2025 23:01

** Shares of Kefir-maker Lifeway Foods LWAY.O down ~6% at $26.24 after the bell

** Co says in the process of evaluating capital allocation alternatives

** Co signs cooperative Agreement with Danone North America PBC DANO.PA, as a part of plan which sees LWAY refresh its board by onboarding four new independent directors

** Earlier this month, Danone in an SEC filing said it will no longer pursue acquisition of Lifeway, adding it was reviewing alternatives

** Two board members to step down on or before Lifeway's 2026 annual shareholders meeting

** LWAY to separate Chair and CEO roles by October 30, 2025

** Danone agrees to waive certain rights under the stockholders' agreement

** Up to last close, stock up nearly 12% YTD

 (Reporting by Anuja Bharat Mistry in Bengaluru)

 ((AnujaBharat.Mistry@thomsonreuters.com))