Reported 2 days ago
Lifeway Foods has declared the shareholder agreement with Danone as 'invalid', responding to Danone's claims of a breach related to Lifeway CEO Julie Smolyansky receiving nearly 300,000 shares. Danone had proposed acquiring Lifeway but warned of potential litigation over the alleged violation. Lifeway is adamant that the long-standing agreement is void under Illinois law and is committed to protecting its interests and those of its shareholders amid ongoing discussions about a potential sale that reflects the company's true value.
Source: YAHOO