Third time lucky? Danone, Lifeway in fresh acquisition talks

The narrative between Danone and Lifeway Foods takes another turn as the two companies enter fresh acquisition discussions after two previous failed attempts. Significantly, both companies have signed a non-disclosure agreement, indicating the seriousness of the talks. This development comes after Lifeway, known for its kefir products, turned down previous offers from Danone, citing its robust financial metrics as justification for a higher proposal.

In the past, Danone improved its bid to $307 million, which was seen as offering "compelling value" to Lifeway's stakeholders according to Danone's Shane Grant. However, Lifeway's board previously rejected Danone's $283 million proposal. Industry analysts are watching closely as negotiations unfold to see if the third time will indeed be "lucky" for Danone in its pursuit of this acquisition.