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Diving Briefs:
- Danone no longer pursues the acquisition of Kefir Maker Lifeway Foods. Dairy giants said in the submission with the Securities and Exchange Commission. Oikos manufacturers are also reviewing the options for about 23% of Lifeway, which can be included.
- Danone decided not to move forward by purchasing because the two companies did not believe that they could cooperate effectively. According to Barrons. Yogurt producers will instead explore opportunities in existing brands.
- Danone suggested September 2024 LIFEWAY purchase Two months later, for $ 25 per week before the proposal was increased to $ 27. Lifeway rejected both proposals, saying Danone underestimated the Illinoe company.
Dive Insights:
Danone has been a shareholder for more than 20 years in Lifeway and has searched for the third attempt last month. company Signed a confidential agreement Danone allows you to perform due diligence before potential transactions.
KEFIR sales have soared due to digestion and protein benefits, but Danone seems to think that the benefits of adding LIFEWAY are no longer worth searching.
Danone is not familiar with healthy dairy products through the yogurt portfolio, which includes the activation of probiotics and the low resin, which includes a very good yogurt. Recently, this company has brought OIKOS brand. $ 7 billion protein shakes market We launched a yogurt drink under the brand Target GLP-1 users.
Lifeway remained hostile to the outlook of Danone. Previously, we call dairy giants “Toxic Business Partner” who is engaged in “corporate harassment” to persuade KEFIR producers to sell.
Lifeway said in a statement, “We will continue to focus on implementing a growth strategy to create values for all shareholders, employees, partners and customers, saying,“ Danone’s unwanted suggestions are interrupted behind us.
LIFEWAY has recently been successful and pointed out that it has recorded 22 consecutive growth and posted “records” sales in the second quarter of 2025.
The decision to give up the purchase of LIFEWAY also gave Danone a chance to extract Danone, which is now a long -term family Saga, which affects the company, to extract Danone.
Brothers and mothers of Smellowansky want shareholders to vote for Julie and the board of directors. Citing corporate governance failure, they harmed their business.
Danone agreed not to vote in stocks in favor of relatives’ suggestions while considering purchases. But as the argument is out of the table, Danone can vote for free but prefer it.
Danone said he has not yet decided on the voting method in the submission of the SEC.
