Lifeway Foods (LWAY) on Thursday reported the pricing of a secondary public offering of 3,454,756 of its shares by Danone USA Public Benefit at $19.50 per share.
The company said the offering, which is expected to close Tuesday, is comprised entirely of shares being sold by Danone USA.
Lifeway said it agreed to buy back approximately $5 million of the shares at the same per share price of the offering.
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