Danone raises bid to $307 million to acquire US probiotic firm Lifeway amid family dispute.

Danone, a French food company, has increased its offer to buy Lifeway Foods, a US-based probiotic food producer, to $307 million or $27 per share after its initial offer was rejected. Danone already owns 23% of Lifeway. The offer comes amid a family dispute at Lifeway, with some family members supporting the takeover. Lifeway’s board will evaluate the new offer to decide if it’s in the best interest of the company and its shareholders.

November 15, 2024
6 Articles