Rather than negotiate with Danone in response to its generous proposal, Lifeway quickly rejected it outright. This is consistent with the prior statements by CEO Julie Smolyansky and Jason Burdeen, ...
The Smolyanskys said, “Rather than negotiate with Danone in response to its generous proposal, Lifeway quickly rejected it outright. This is consistent with the prior statements by CEO Julie ...
The revised offer represents ‘compelling value’ to Lifeway’s shareholders according to Danone’s Shane Grant and comes after the kefir maker’s Board rejected the dairy major’s $283m proposal.
The new proposal comes after Lifeway Foods rejected Danone’s initial offer that valued the kefir manufacturer at approximately $283 million. In a letter sent to Julie Smolyansky, chief executive ...