Lifeway Foods Up 16% In Pre-market On News Of Acquisition Interest By Danone

(RTTNews) - Shares of Lifeway Foods, Inc. (LWAY), an Illinois-based health food company, were surging more than 16 percent in pre-market on Tuesday to $25.06 on the news of acquisition interest by Danone North America PBC, a consumer packaged food and beverage company, for $25 per share in cash.

"On September 23, 2024, Danone North America PBC sent a letter to the Issuer, proposing to acquire all of the outstanding shares of Common Stock not currently held by the Reporting Persons for a purchase price of $25.00 per share in cash," the company said in an SEC filing.

Lifeway stock had closed at $21.50, up 1.22 percent on Monday. It has traded in the range of $9.06 - $28.61 in the last 1 year.