Lifeway Foods adopts poison pill, rejects Danone's $25/share buyout offer

Lifeway Foods, Inc.

Board rejected Danone's $25/share unsolicited proposal as substantially undervaluing Lifeway.
Adopted limited-duration shareholder rights plan (poison pill) with a 20% ownership trigger.
Rights expire November 4, 2025; exercise price set at $130 per right.
Danone's substantial existing stake triggers poison pill if they acquire any additional shares.
Evercore and Sidley Austin are serving as financial and legal advisors, respectively.

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