By Connor Hart
Lifeway Foods received a new buyout offer from Danone, this one at a higher price. The Paris-based company offered to purchase all of Lifeway's shares that it didn't already own for approximately $307 million, or $27 apiece, in cash. The increased offer comes about a week after the Morton Grove, Ill., maker of probiotic foods rejected an earlier offer for about $283 million, or $25 a share. Lifeway shares rise 2.8%, to $24.23, in after-hours trading.
Write to Connor Hart at connor.hart@wsj.com
(END) Dow Jones Newswires
November 15, 2024 18:41 ET (23:41 GMT)
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