Lifeway Foods (LWAY) Announces 100K Share Buyback
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Lifeway Foods, Inc., (Nasdaq: LWAY) today announced that its Board has approved a new share repurchase program of up to 100,000 shares. Under such a program, Lifeway Foods may repurchase up to 100,000 shares of the Company's Common Stock through the open market within a period of one year from the date of the first purchase. The Company will use its available cash resources to fund the stock repurchase program.
LIFEWAY FOODS, INC., together with its subsidiaries, engages in manufacturing and marketing probiotic, cultured, and functional dairy and non-dairy health food products in the United States.
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