BUZZ-Lifeway Foods up after Danone unit proposes a deal to buy it

Reuters

2024/09/24

** Shares of Kefir-maker Lifeway Foods jump 17% to $25 in after-hours trading

** Danone North America PBC, a subsidiary of Danone S.A. , offers to buy LWAY for $25/shr in cash

** The deal would be wholly funded from existing cash reserves of Danone North America, according to a filing from LWAY

** Danone North America has a 23.4% stake in Lifeway, as of Sept. 23

** LWAY has risen 60.3%, YTD

(Reporting by Juby Babu in Mexico City)

((Juby.Babu@thomsonreuters.com;))

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