Lifeway Foods, Inc. Buyback
OLI recorded this information on 6/26/2017
Lifeway Foods, Inc.
Lifeway Foods, Inc. (Nasdaq:LWAY), "Lifeway" or the "Company," the leading U.S. supplier of kefir cultured dairy products, announced today that it has commenced a "modified Dutch auction" tender offer for up to $6 million of its common stock at a price per share not less than $8.50 and not greater than $9.50. The tender offer will expire at 5:00 P.M., New York City time, on July 25, 2017, unless extended by the Company. Tenders of shares must be made on or prior to the expiration of the tender offer and may be withdrawn at any time prior to the expiration of the tender offer, in each case, in accordance with the procedures described in the tender offer materials.
Lifeway Foods is a producer and marketer of kefir in the U.S. and is engaged in the market spaces of probiotic-based products and natural, better for you foods. Co.'s product categories are: drinkable kefir, which is sold in a variety of organic and non-organic sizes, flavors, and types; european-style soft cheeses; cream and other, which consists primarily of cream, a byproduct of making its kefir; ProBugs, which is a line of kefir products designed for children; other dairy, which includes Cupped Kefir and Icelandic Skyr, a line of strained kefir and yogurt products in resealable cups; and frozen kefir, which is available in both soft serve and pint-size containers.
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Buy (3.00 out of 4)
(ranked higher than approx. 100% of all stocks covered)
Based on Zacks ABR data;
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