SunOpta Shareholders Approve Refresco Acquisition, Paving Way for $6.50/Share Cash Deal
Summary
SunOpta shareholders have overwhelmingly approved the proposed acquisition by an affiliate of Refresco for US$6.50 per share in cash, with 98.06% of votes cast in favor. This critical milestone follows the early termination of the Hart-Scott-Rodino Act waiting period announced last week, satisfying another key regulatory condition for the deal. The strong shareholder support significantly de-risks the transaction and increases the certainty of its completion. The final remaining condition is approval by the Ontario Superior Court of Justice, with a hearing scheduled for April 22, 2026. This news reinforces the high probability of the acquisition closing as planned, providing clarity for investors.
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 $769.4M. The 52-week trading range was $3.32 to $6.94. This news item was assessed with positive market sentiment and an importance score of 8 out of 10. Source: Dow Jones Newswires.