SunOpta Acquisition by Refresco Finalized at $6.50/Share, Delisting Imminent
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SunOpta Inc. has officially completed its acquisition by an affiliate of Refresco Holding B.V. for US$6.50 per common share in cash. This definitive closing follows the final approval from the Ontario Superior Court of Justice received on April 22, as previously reported. As a direct consequence of the completed arrangement, SunOpta's shares will be delisted from both the Toronto Stock Exchange and Nasdaq, and the company will initiate the process to cease being a reporting issuer. This event marks the final stage of the M&A process, triggering the cash payout for shareholders and the cessation of public trading for STKL.
At the time of this announcement, STKL was trading at $6.50 on NASDAQ in the Trade & Services sector, with a market capitalization of approximately $768.8M. The 52-week trading range was $3.32 to $6.94. This news item was assessed with neutral market sentiment and an importance score of 8 out of 10. Source: Dow Jones Newswires.