Nov 15 (Reuters) - Lifeway Foods Inc :
* DANONE S.A. - DANONE NORTH AMERICA PBC SENT SECOND LETTER TO LIFEWAY FOODS IN ORDER TO EXPRESS DISAPPOINTMENT IN BOARD’S RESPONSE TO INITIAL PROPOSAL
* DANONE S.A. - LETTER TO LIFEWAY FOODS REITERATE DANONE NORTH AMERICA PBC’S STRONG COMMITMENT TO THE PROPOSED TRANSACTION
* DANONE SA - IN UPDATED PROPOSAL, DANONE NORTH AMERICA PBC INCREASED OFFER FOR PROPOSED TRANSACTION FROM $25.00 PER SHARE TO $27.00 PER SHARE
* DANONE SA - INTEND TO ENGAGE IN DISCUSSIONS WITH LIFEWAY FOODS REGARDING TERMS OF PROPOSED TRANSACTION
* DANONE SA-PROPOSED DEAL WOULD BE WHOLLY FUNDED IN CASH FROM EXISTING CASH RESERVES OF REPORTING PERSONS,NOT CONTINGENT ON ANY FINANCING REQUIREMENTS
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