Lifeway Foods’ decision to extend its shareholder rights plan has drawn criticism from investor Edward Smolyansky, who called the move a “shield for management”. The US kefir producer's board has approved a one-year extension to the rights plan to 29 October 2026, leaving all other terms unchanged. Lifeway adopted the limited duration rights plan in November last year after turning down takeover interest from Danone. Mr. Smolyansky, the brother of Lifeway CEO Julie Smolyansky, said the move was the “mos ...