Julie Smolyansky, Chairperson of the Board, President and CEO of Lifeway Foods discusses what she considers to be a hostile takeover attempt by dairy-product maker Danone, which has been among Lifeway's major shareholders for more than 25 years.
Danone responded in a statement issued to Bloomberg that "there is no ‘raid’ or ‘hostile bid,’ since Lifeway's board decided in November 2024 to reject Danone's highly attractive $27-per-share acquisition proposal, depriving Lifeway's shareholders of a very significant premium."

Cerberus Alumni Mold the Pentagon in Their Private Equity Image
08:48

Chip Stock Rout Deepens on AI Debt Jitters, China Competition
48:13

'No Experience Necessary': Betting on Yourself in Your Twenties
11:45