"The Board determined that Danone's $27 per share proposal substantially undervalues the Company. The board is not however opposed to the sale of the company at any price," Lifeway noted in a statement.
Sabra and Obela are currently 50/50 joint ventures that had been formed between PepsiCo and Strauss Group to manufacture, distribute, and sell refrigerated dips and spreads.
The collaboration will encourage cheese lovers to celebrate everyday moments and embrace the joy that comes with spending time with friends and family, no matter the occasion.
These new campaigns position Challenge as a modern brand rooted in its heritage while elevating Danish Creamery as a premium offering, distinguished by its high butterfat content and compelling origin story.
In her role, Colleen Wilson will lead the sales team to spearhead growth initiatives across key sales channels, bringing the joy of bouncy frozen treats to consumers across the U.S.
Net sales were $46.1 million for the third quarter ended September 30, 2024, an increase of $5.2 million or 12.7% from the same period in 2023. The net sales increase was primarily driven by higher volumes of our branded drinkable kefir.
Aligned to the U.S. theater premiere of "Red One" on Nov. 15, M&M'S designed a first-of-its-kind jacket that is sure to sweeten any movie-going experience: the M&M'S Snack Jacket.