Lifeway Foods and Danone Announce Cooperation Agreement, Board Refreshment, and Litigation Stay
Reuters
Oct 01, 2025
Lifeway Foods and <a href="https://laohu8.com/S/GPDNF">Danone</a> Announce Cooperation Agreement, Board Refreshment, and Litigation Stay
Lifeway Foods Inc., a leading U.S. supplier of kefir and fermented probiotic products, has announced a cooperation agreement with Danone North America PBC. As part of the agreement, Lifeway will refresh its board of directors, and both companies have agreed to stay ongoing litigation related to their Stockholders' Agreement. Danone has also agreed not to support or vote in favor of proposals from an ongoing consent solicitation and will back the Board's recommended director candidates at upcoming annual meetings in 2025 and 2026. Additionally, Danone will waive certain rights under the Stockholders' Agreement, including its right to appoint a Board member, provided its ownership falls below 5% of Lifeway's outstanding shares. The agreement aims to provide stability and support Lifeway's continued growth and value creation for shareholders.
Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Lifeway Foods Inc. published the original content used to generate this news brief via PR Newswire (Ref. ID: DC87724) on September 30, 2025, and is solely responsible for the information contained therein.
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