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Will Lifeway Foods' stock price reach $30 by December 31, 2024?
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Story
Danone Offers $25 Per Share for Lifeway Foods, Valuing It at $283 Million, Stock Jumps 16.5%
Sep 24, 2024, 12:50 PM
Danone, which has owned about a quarter of Lifeway Foods' ($LWAY) shares for decades, has made an unsolicited offer to buy the company for $25 per share. This offer represents a 16.3% premium on Lifeway's stock price. The cash deal values Lifeway Foods at $283 million. Following the announcement, Lifeway Foods' stock jumped by 16.5% in pre-market trading. The offer comes amid family strife at the kefir leader, with Danone as a minority shareholder.
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