09:21 AM EDT, 09/18/2025 (MT Newswires) -- Danone said in a regulatory filing Thursday that it is no longer pursuing the acquisition of Lifeway Foods ( LWAY ) .

The company is now in the process of reviewing alternatives for its investment in Lifeway, according to a filing with the US Securities and Exchange Commission.

Lifeway Foods ( LWAY ) said it will continue to focus on its growth strategy after Danone withdrew its acquisition proposal.

"With the distraction of Danone's unsolicited proposal now behind us, we will continue to focus on executing our growth strategy to create value for all our shareholders, employees, partners and customers," Lifeway Foods ( LWAY ) said in a statement.

Shares of Lifeway Foods ( LWAY ) were down 23% in recent Thursday premarket activity.