Kefir Market

Lifeway Foods (LWAY) received a boost as ISS recommended shareholders “DO NOT VOTE” on the consent solicitation by dissident shareholders Ludmila and Edward Smolyansky. ISS cited Lifeway’s positive financial performance and share price rally, finding the dissidents’ arguments lacking context and a clear plan. CEO Julie Smolyansky welcomed the recommendation, stating the solicitation is “unwarranted, disruptive and not in the best interest of Lifeway shareholders.” Lifeway urges shareholders to follow ISS’s advice and take no action.