Lifeway Foods (LWAY) Company Overview

Summarizes recent filings and next steps, previews upcoming proxy schedule Reaffirms and updates previously stated goal CHICAGO , Feb. 3, 2025 /PRNewswire/ -- Edward and Ludmila Smolyansky ("Founding Shareholders"), who together exercise sole voting control with respect to approximately 28% of the outstanding shares of common stock of Lifeway Foods, Inc. ("Lifeway" or the "Company"), today requested that Lifeway's Board of Directors force its CEO and Chairperson, Julie Smolyansky to immediately withdraw her most recent lawsuit filed in Cook County, IL against the Company's largest individual shareholder Edward Smolyansky. On December 23, 2024, Lifeway's Compensation Committee, led by director Jason Scher, awarded what was described as a $2 million "retention bonus.

MORTON GROVE, Ill. , Dec. 11, 2024 /PRNewswire/ -- Lifeway Foods, Inc. (Nasdaq: LWAY) ("Lifeway" or "the Company"), a leading U.S. manufacturer of kefir and fermented probiotic products, announced the distribution of its ProBugs Organic Kefir for kids at more than 250 Harris Teeter retail stores.

Lifeway Foods has rejected not one, but two takeover offers from Danone, but the kefir and fermented probiotic food products company remains "in play." The latest in an ongoing saga amongst the company's founding family may prove key in driving the company into the hands of this would-be strategic acquirer. More importantly for new and existing LWAY shareholders, this could result in Danone ultimately paying as much as $35 per share for the company.

CHICAGO , Nov. 22, 2024 /PRNewswire/ -- Edward and Ludmila Smolyansky ("Founding Shareholders"), who together exercise voting control with respect to approximately 29.7% of the outstanding shares of common stock of Lifeway Foods, Inc. (NASDAQ: LWAY), today called for Lifeway's board of directors to take several actions, including immediately establishing an independent special committee to evaluate and negotiate a transaction with Danone or other potential buyers. This follows a proposal by Danone North America PBC to acquire all outstanding shares of Lifeway that Danone does not already own for $27 per share in cash.

Leading U.S. Kefir Brand Announces Functional Beverage Made with Kefir Cultures to Support Skin Health, Immune System and the Microbiome MORTON GROVE, Ill. , Nov. 20, 2024 /PRNewswire/ -- Lifeway Foods, Inc. (Nasdaq: LWAY), a leading U.S. supplier of kefir and fermented probiotic products to support the microbiome, has announced its latest functional beverage innovation: Probiotic Smoothie + Collagen made with kefir cultures.

MORTON GROVE, Ill. , Nov. 20, 2024 /PRNewswire/ -- Lifeway Foods, Inc. (NASDAQ: LWAY) (the "Company"), a leading U.S. supplier of kefir and fermented probiotic products to support the microbiome, today announced that its Board of Directors has rejected the revised unsolicited proposal made on November 15, 2024 by Danone North America PBC ("Danone") to acquire all the shares of Lifeway that it does not already own for $27.00 per share.

MORTON GROVE, Ill. , Nov. 15, 2024 /PRNewswire/ -- Lifeway Foods, Inc. (NASDAQ: LWAY) ("Lifeway" or the "Company"), a leading U.S. supplier of kefir and fermented probiotic products to support the microbiome, confirmed that it has received a revised, unsolicited, non-binding proposal from Danone North America PBC ("Danone") to acquire all outstanding shares of common stock of Lifeway it does not already own for $27.00 per share in cash.

Lifeway Foods (LWAY) came out with quarterly earnings of $0.19 per share, missing the Zacks Consensus Estimate of $0.27 per share. This compares to earnings of $0.23 per share a year ago.

MORTON GROVE, Ill. , Nov. 8, 2024 /PRNewswire/ -- Lifeway Foods, Inc. (Nasdaq: LWAY) ("Lifeway" or "the Company"), a leading U.S. supplier of kefir and fermented probiotic products to support the microbiome, today announced it will report financial results for the third quarter ended September 30, 2024 on November 14, 2024 before market hours.