DANONE S/ADR - DANOY STOCK NEWS

Danone has released its monthly update on voting rights and shares as of November 30, 2024. The company reports a total of 679,553,991 shares outstanding. The report distinguishes between two types of voting rights: theoretical voting rights totaling 699,071,787 and exercisable voting rights amounting to 663,667,085.

The theoretical voting rights, also known as 'gross' voting rights, are used to calculate shareholding threshold crossings and include shares with suspended voting rights. The exercisable ('net') voting rights exclude shares with suspended voting rights, published in accordance with AMF recommendations from July 17, 2007.

Edward and Ludmila Smolyansky, controlling approximately 29.7% of Lifeway Foods (NASDAQ: LWAY) shares, have called for the board to establish an independent special committee to evaluate Danone's $27 per share cash offer. The founding shareholders criticize Lifeway's quick rejection of the proposal and CEO Julie Smolyansky's stated opposition to any sale. They raise concerns about conflicts of interest, as the CEO reportedly refuses to allow a sale unless specific share transfers occur. The founders also request disclosure of Kroll's valuation analysis and question the board's reliance on Jason Burdeen, whose credibility was criticized by a federal judge.

Danone has released its monthly update on voting rights and shares as of October 31, 2024. The company reports 679,553,991 total shares, with 699,095,232 theoretical voting rights and 663,690,530 exercisable voting rights. The theoretical voting rights serve as the basis for calculating shareholding thresholds, including shares with suspended voting rights, while exercisable voting rights exclude suspended shares to ensure transparent public information in accordance with AMF recommendations.

Danone SA proposed to acquire Lifeway Foods for approximately $283 million ($25 per share in cash) on September 23, 2024. The Lifeway Foods Board rejected the offer on November 6 and implemented a 'poison pill' shareholder rights plan. Edward and Ludmila Smolyansky, significant shareholders and founding family members, expressed strong support for Danone's offer, citing it represents a substantial premium over recent share prices. They urged the board and CEO Julie Smolyansky to reconsider the offer, warning that delays could result in lost value for shareholders, employees, and consumers.

Danone reported strong Q3 2024 performance with sales reaching €6,826m, up +4.2% on a like-for-like basis. Growth was driven by +3.6% volume/mix increase and +0.7% price growth, with positive performance across all categories. Notable highlights include strong momentum in North America (+5.8% LFL) led by Coffee Creations and Waters, acceleration in Europe volume/mix driven by EDP, and robust growth in China (+8.0% LFL). The company confirmed its 2024 guidance of +3% to +5% like-for-like sales growth with moderate improvement in recurring operating margin.

Danone, a French company registered with the Paris Commerce and Company Registry, has released information on its total number of voting rights and shares as of September 30, 2024. This disclosure is in compliance with Article L. 233-8 II of the French Commercial Code and Article 223-16 of the AMF General Regulation.

Key figures:

• Total number of shares: 679,553,991
• Total number of theoretical voting rights: 701,109,181
• Total number of exercisable voting rights: 665,704,479

The company explains that the theoretical voting rights are used for calculating shareholding thresholds, while the exercisable voting rights are published to ensure proper public information, as per AMF recommendation.

Danone, a French company listed on the Paris Stock Exchange under the ticker DANOY, has released information on its total number of voting rights and shares as of August 31, 2024. The company reported a total of 679,553,991 shares outstanding. The total number of theoretical voting rights, also known as 'gross' voting rights, stands at 701,124,112. This figure is used as the basis for calculating the crossing of shareholding thresholds. The total number of exercisable voting rights, or 'net' voting rights, is 665,718,380. This information is published to ensure proper public disclosure in accordance with French regulatory requirements.

Danone (DANOY) has successfully issued a €700 million bond with a 7-year maturity and a 3.20% coupon. The bond issuance, set to settle on September 12, 2024, aims to enhance the company's funding flexibility and extend its debt maturity. The bonds will be listed on Euronext Paris.

The issue was widely subscribed by a diverse investor base, demonstrating strong confidence in Danone's business model and credit profile. Danone maintains solid credit ratings with BBB+ (stable outlook) from Standard & Poor's and Baa1 (stable outlook) from Moody's. This successful bond issuance aligns with Danone's strategy for active liquidity management.

Danone, a French company listed on the Paris Stock Exchange under the ticker DANOY, has released information on its total number of voting rights and shares as of July 31, 2024. The company reported a total of 679,553,991 shares outstanding. The total number of theoretical voting rights, also known as 'gross' voting rights, stands at 701,154,267. This figure is used as the basis for calculating the crossing of shareholding thresholds. The total number of exercisable voting rights, or 'net' voting rights, is 665,746,927. This information is published to ensure proper public disclosure in accordance with French regulatory requirements.