 |
Lifeway Foods is using Longacre Square Partners as it receives a non-solicited and non-binding takeover offer from the US arm of France’s Danone, the world’s No. 1 marketer of fresh dairy products.
Danone North America, which already owns 23.4 percent of the marketer of kefir and a range of fermented probiotic products, wants to acquire the remaining outstanding stake in the Morton Grove, IL-headquartered company.
The targeted company’s board promises to carefully review Danone’s offer, and then determine what course of action would serve the best interests of shareholders.
Lifeway CEO Julie Smolyansky recorded an 18.6 percent jump in Q2 net income to $3.8M, and a 25.3 percent increase in revenues to $49.2M. It has chalked up 19 consecutive quarters of sales growth.
Lifeway’s products are sold in the US, Mexico, Ireland and France.
Longacre Square’s Joe Germani and Miller Winston represent Lifeway.
Prosek Partners represents Nuveen as it acquires London-based Schroders, which relies on Brunswick Group for PR counsel, in a $13.5B deal.
Qualcomm has recruited Brett Simpson for the senior VP-IR slot at the San Diego-based wireless technology company.
Reevemark handles Eddie Bauer LLC as the retailer inks a Chapter 11 restructuring pact that has it conducting liquidation sales at its US and Canadian stores while working to find a buyer for either all of or part of the chain.
Prosek Partners hires FTI Consulting vet David Roady to build and deepen its relationships in the corporate sector, particularly with chief communications officers and C-suite executives.
Kekst CNC handles Crestview Partners as the private equity firm acquires Tailwind Hospitality, operator of food, beverage and retail concessions in non-hub and regional airports, from Palladin Consumer Retail Partners.
