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.
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June 19, 2026 16:46 ET Major central banks continued to dominate the economic news flow this week too, led by the Federal Reserve, as they announced their latest policy decisions. The Federal Reserve policy session was in focus as it was the first to be led by the new chief Kevin Warsh. In Europe, central banks of the U.K. and Switzerland announced their rate decisions. In Asia, the Bank of Japan drew attention for its policy moves, while data out of China threw some light on the state of the economy.