Stocks to Watch: Lifeway Foods

Dow Jones

2024-11-16

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)

Copyright (c) 2024 Dow Jones & Company, Inc.

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