Qantas to Sell Jetstar Japan Stake as It Refocuses on Core Australian Operations 
Nasdaq Proposes Fast-Track Rule to Accelerate Index Inclusion for Major New Listings 
Alphabet’s Massive AI Spending Surge Signals Confidence in Google’s Growth Engine 
Boeing Signals Progress on Delayed 777X Program With Planned April First Flight 
SoftBank Shares Slide After Arm Earnings Miss Fuels Tech Stock Sell-Off 
Nvidia, ByteDance, and the U.S.-China AI Chip Standoff Over H200 Exports 
CK Hutchison Launches Arbitration After Panama Court Revokes Canal Port Licences 
Australian Scandium Project Backed by Richard Friedland Poised to Support U.S. Critical Minerals Stockpile 
SpaceX Pushes for Early Stock Index Inclusion Ahead of Potential Record-Breaking IPO 
OpenAI Expands Enterprise AI Strategy With Major Hiring Push Ahead of New Business Offering 
Uber Ordered to Pay $8.5 Million in Bellwether Sexual Assault Lawsuit 
Novo Nordisk Warns of Profit Decline as Wegovy Faces U.S. Price Pressure and Rising Competition 
AMD Shares Slide Despite Earnings Beat as Cautious Revenue Outlook Weighs on Stock 
TrumpRx Website Launches to Offer Discounted Prescription Drugs for Cash-Paying Americans 
Instagram Outage Disrupts Thousands of U.S. Users 
Global PC Makers Eye Chinese Memory Chip Suppliers Amid Ongoing Supply Crunch 
Nintendo Shares Slide After Earnings Miss Raises Switch 2 Margin Concerns 
MORTON GROVE, Ill., Aug. 02, 2017 -- Lifeway Foods, Inc. (Nasdaq:LWAY), “Lifeway” or the “Company,” the leading U.S. supplier of kefir cultured dairy products, announced today the final results of its “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 expired at 5:00 P.M., New York City time, on July 25, 2017.
Based on the final count by the depositary for the tender offer, a total of 85,665 shares of the Company’s common stock were validly tendered and not validly withdrawn at or below the price of $9.50 per share. Since the tender offer was not fully subscribed, no proration was required and all shares validly tendered and not validly withdrawn were accepted for purchase at the same purchase price of $9.50 per share. As such, the Company accepted for purchase a total of 85,665 shares of the Company’s common stock at a purchase price of $9.50 per share, for a total cost of approximately $814,000, excluding fees and expenses related to the tender offer. These shares represent approximately 0.5% of the Company’s total outstanding common stock as of July 31, 2017. The depositary for the tender offer will promptly pay for the shares accepted for purchase pursuant to the tender offer.
The dealer manager for the tender offer was Georgeson Securities Corporation. Georgeson LLC served as information agent for the tender offer and Computershare, Inc. served as the depositary for the tender offer.
About Lifeway Foods, Inc.
Lifeway Foods, Inc. (LWAY), recently named one of Forbes’ Best Small Companies, is America’s leading supplier of the probiotic, fermented beverage known as kefir. In addition to its line of drinkable kefir, the company also produces frozen kefir, specialty cheeses and a ProBugs line for kids. Lifeway’s tart and tangy cultured dairy products are available throughout the United States and on a small, but growing basis in Canada, Latin America, Ireland, and the United Kingdom. Learn how Lifeway is good for more than just you at www.lifewaykefir.com.
Contact: Lifeway Foods, Inc. Phone: 847.967.1010 Email: [email protected]
