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filing yesterday (18 September), Danone has decided against a fresh bid and is weighing alternatives that includes “selling all or part” of its approximately 22.7% stake in Lifeway.In response, Lifeway issued a statement, affirming it remains “firmly committed to driving value for Lifeway shareholders by executing our strategic plan and continuing to explore value enhancing opportunities”.The company said it had set up a strategic review committee consisting of independent directors to oversee the process and engaged “extensively” with Danone.The Activia brand owner initially proposed acquiring Lifeway in September 2024 for $25 per share, raising the offer to $27 two months later.Lifeway rejected both bids, claiming they undervalued the company.Tensions escalated, with Danone filing a lawsuit alleging Lifeway breached a shareholder agreement. Lifeway, in turn, described Danone’s offers as a “hostile takeover”.Meanwhile, a long-running family dispute at Lifeway has intensified, with the company’s chair and CEO, Julie Smolyansky, facing opposition from her mother and brother, Ludmila and Edward Smolyansky.In July, the mother-and-son duo, who are the company’s largest shareholders, submitted a “definitive consent statement” to the SEC, seeking to replace Lifeway’s board, including Julie, with nominees “focused on restoring accountability, transparency and long-term shareholder value”.Danone said it is now contemplating whether to support the consent solicitation to replace Lifeway’s entire board.Lifeway, mainly known for kefir, also produces cheeses and a ProBugs line for children.Its dairy products are distributed across the US, Mexico, Ireland, South Africa, France and the UAE.In its statement yesterday (18 September), the company highlighted 22 straight quarters of growth, pointing to second-quarter net sales of $53.9m, up 18% year-over-year on a comparable basis.Over the first two months of Q3, Lifeway saw a 20% growth in unaudited net sales, totalling $39.1m, it added."Danone mulls Lifeway options after withdrawing takeover interest" was originally created and published by Just Food, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. 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