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In a letter, the dairy giant said it was “disappointed” by the response to its earlier $283 million proposal and noted the ...
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Lifeway Foods Inc., Morton Grove, Ill., announced that its Board of Directors has rejected the unsolicited proposal made Sept ...
The Morton Grove-based kefir maker turned down Danone's offer, saying the $25-a-share deal undervalues the company.
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The keifer maker said its board determined that the “proposal substantially undervalues” the company and was not in the best interest of its shareholders.