Shares of Lifeway Foods, Inc. (LWAY), an Illinois-based health food company, were surging more than 16 percent in pre-market on Tuesday to $25.06 on the news of acquisition interest by Danone North America PBC, a consumer packaged food and beverage company, for $25 per share in cash.
"On September 23, 2024, Danone North America PBC sent a letter to the Issuer, proposing to acquire all of the outstanding shares of Common Stock not currently held by the Reporting Persons for a purchase price of $25.00 per share in cash," the company said in an SEC filing.
Lifeway stock had closed at $21.50, up 1.22 percent on Monday. It has traded in the range of $9.06 - $28.61 in the last 1 year.
For comments and feedback contact: editorial@rttnews.com
Business News
May 01, 2026 15:54 ET Central banks dominated the economics news flow this week with almost all major ones announcing their latest policy decisions and many boosted expectations for a rate hike in June. In other news, several countries released the preliminary data for first quarter economic growth. In the U.S., comments by Fed Chair Jerome Powell were also in focus as his term ends this month.