ICYMI: Drama in the Dairy Industry | Bloomberg Businessweek
May 16, 2025
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17:42Now PlayingICYMI: Drama in the Dairy Industry | Bloomberg Businessweek
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as posted by the channelJulie Smolyansky, Chairperson of the Board, President and CEO of Lifeway Foods discusses what she considers to be a hostile takeover attempt by dairy-product maker Danone, which has been among Lifeway's major shareholders for more than 25 years.
Danone responded in a statement issued to Bloomberg that "there is no ‘raid’ or ‘hostile bid,’ since Lifeway's board decided in November 2024 to reject Danone's highly attractive $27-per-share acquisition proposal, depriving Lifeway's shareholders of a very significant premium."
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