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.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.