Danone to acquire Lifeway Foods for $307m.

Danone, a French multinational food-products corporation, agreed to acquire Lifeway Foods, a kefir and fermented probiotic products supplier, for $307m. "In recognizing the solid performance of the Company over the last few years, we believe Lifeway has an attractive opportunity to achieve its full potential through a combination with Danone, removing the constraints and additional resources required for a publicly listed company of Lifeway’s size. We are confident that Danone’s operations and dedicated resources would unlock significant opportunities and value for Lifeway, notably by providing further innovation, distribution and marketing support," Danone. On November 15, Danone raised their offer from $25.00 per share to $27.00 per share.