FX.co ★ Lifeway Foods Rejects $27/share Revised Unsolicited Offer From Danone

Lifeway Foods, Inc. (LWAY) announced on Wednesday that its Board of Directors has turned down the revised unsolicited acquisition offer of $27 per share from Danone North America PBC, made on November 15. The Board emphasized that Danone's revised offer significantly undervalues Lifeway and is not aligned with the company's best interests. Evercore is acting as Lifeway's financial advisor, and Sidley Austin LLP is providing legal counsel.