Kefir maker Lifeway Foods jumps on Danone's buyout offer for remaining share
** Shares of Kefir producer Lifeway Foods LWAY.O jump 21.7% to $26.16
** Dairy giant Danone SA's DANO.PA North America unit on Monday proposed to buy the remaining shares it did not already own in LWAY for $25/shr in cash
** Danone is currently one of LWAY's top shareholders, with 23.36% stake, according to LSEG data
** Offer price represents a 16.3% premium to LWAY stock's closing price on Monday
** "Believe LWAY has an attractive opportunity to achieve its full potential through a combination with Danone, removing the constraints and additional resources required for a publicly listed company of Lifeway's size," Shane Grant, CEO of Danone North America, says in a letter
** Major LWAY shareholders Edward and Ludmila Smolyansky, CEO Julie Smolyansky's brother and mother, filed a consent statement with the U.S. regulator last month to change leadership at the company
** Including session's gains, stock is up 93% YTD
Reporting by Savyata Mishra in Bengaluru
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