Morningstar

Danone Withdraws Interest in Lifeway Foods Acquisition

Provided by Dow Jones Sep 18, 2025, 1:11:00 PM

By Nicholas G. Miller

Danone has withdrawn its interest in a Lifeway Foods acquisition, according to an SEC filing.

Danone, a French dairy company, had entered an agreement last month to conduct a review of a potential acquisition of Lifeway. But the company said it is no longer interested in an acquisition and is now in the process of reviewing alternatives for its investment in Lifeway.

Danone said that as part of those alternatives, it is considering whether to vote for a proposal that would oust the entire Lifeway board.

"With the distraction of Danone's unsolicited proposal now behind us, we will continue to focus on executing our growth strategy to create value for all our shareholders, employees, partners and customers," Lifeway said.

Lifeway shares fell 23% to $25.90 in premarket trading.

Write to Nicholas G. Miller at nicholas.miller@wsj.com.

(END) Dow Jones Newswires

September 18, 2025 09:11 ET (13:11 GMT)

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