Equities researchers at StockNews.com assumed coverage on shares of Lifeway Foods (NASDAQ:LWAY – Get Free Report) in a note issued to investors on Thursday. The firm set a “hold” rating on the stock.

Lifeway Foods has maintained the shareholder agreement the company has with investor – and suitor – Danone is “invalid”.

Lifeway Foods, Inc. (NASDAQ: LWAY) responded to a letter from Danone North America PBC regarding the company’s financial outlook. In the response letter, Lifeway Foods stated that based on current ...

The France-based company, which is offering to buy Lifeway, plans to file a lawsuit accusing the kefir producer’s top executive and board of breaching their fiduciary duties to shareholders.

Danone is preparing litigation against takeover target Lifeway Foods, alleging the business broke a shareholder agreement between the two companies.