Lifeway Foods has turned down a higher bid from Danone, stating that the latest offer “significantly undervalues” the company. Last week, dairy giant Danone increased its offer to acquire the remaining shares of Lifeway to approximately $307 million, or $27…
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takeover
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Dive Brief: Lifeway Foods has turned down an acquisition offer from Danone on September 23, valuing the kefir maker at $283 million, or $25 per share. Danone, a significant shareholder in Lifeway, currently holds 23.4% of its common shares. In…