Lifeway Foods, Inc. (LWAY) announced on Wednesday that its Board has rejected the revised unsolicited acquisition proposal of $27 per share made by food and drink firm Danone North America PBC on November 15. The LWAY Board noted that Danone's revised proposal substantially undervalues Lifeway and is not in the best interests of the company. Evercore is serving as a financial advisor, while Sidley Austin LLP is working as legal counsel to Lifeway.
For comments and feedback contact: editorial@rttnews.com
Business News
May 08, 2026 15:50 ET Manufacturing and services sector survey results and labor market data from main economies were the highlight on the economics news front this week. Factory orders and jobs report dominated the news flow in the U.S. Similarly, industrial production data from German garnered attention in Europe. In Asia, purchasing managers’ survey results from China and the central bank decision from Australia were in focus.