---
schema_version: "secwatch.filing_event.v1"
accession: "0001839882-24-037648"
form_type: "8-K"
ticker: "LWAY"
cik: "0000814586"
company_name: "Lifeway Foods, Inc."
filed_at: "2024-11-05T23:59:59+00:00"
generated_at: "2026-05-30T05:41:11.987928+00:00"
event_type: "other_material"
sentiment: "negative"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001839882-24-037648
- form_type: 8-K
- ticker: LWAY
- cik: 0000814586
- company_name: Lifeway Foods, Inc.
- filed_at: 2024-11-05T23:59:59+00:00
- event_type: other_material
- sentiment: negative
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 1.01, 3.03, 5.03, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/814586/000183988224037648/0001839882-24-037648-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/814586/000183988224037648/lway-8k_110524.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001839882-24-037648
- JSON: https://secwatch.observer/filing/0001839882-24-037648.json
- Plain text: https://secwatch.observer/filing/0001839882-24-037648.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.