STKL News & Events

SunOpta announced the successful completion of the acquisition of the company by an affiliate of Refresco for $6.50 per common share in cash pursuant to a previously announced plan of arrangement under section 192 of the Canada Business Corporations Act. As previously announced, shareholders of SunOpta overwhelmingly approved the arrangement at a special meeting of shareholders held on April 16. SunOpta obtained a final order from the Ontario Superior Court of Justice in respect of the arrangement on April 22. In connection with the arrangement, SunOpta's shares will be delisted from the Toronto Stock Exchange and the Nasdaq Stock Market. SunOpta will also apply to cease to be a reporting issuer under applicable Canadian securities laws and will deregister its securities under U.S. securities laws as soon as practicable.

SunOpta announced that its shareholders approved the proposed acquisition of the Company by an affiliate of Refresco Holding for $6.50 per share in cash pursuant to the previously-announced plan of arrangement under the Canada Business Corporations Act at the Company's special meeting of shareholders held on April 16. The Arrangement was approved by 98.06% of the votes cast at the special meeting, and a non-binding, advisory executive compensation proposal was approved by 82.45% of the votes cast at the special meeting. The closing of the Arrangement is subject to remaining regulatory clearance or approval, approval by the Ontario Superior Court of Justice, and the satisfaction or waiver of other customary closing conditions. The hearing for the final order to approve the Arrangement before the Ontario Superior Court of Justice is scheduled to be held on April 22.

SunOpta announced the early termination of the waiting period under the Hart-Scott-Rodino Antitrust Improvements Act of 1976 in connection with the proposed acquisition of the Company by an affiliate of Refresco Holding for $6.50 per share in cash. The early termination of the waiting period under the HSR Act satisfies one of the conditions to the closing of the Arrangement. The closing of the Arrangement is subject to remaining regulatory clearance or approval, approval by SunOpta's shareholders and the Ontario Superior Court of Justice, and the satisfaction or waiver of other customary closing conditions.

SunOpta announced that leading independent proxy advisory firms Institutional Shareholder Services and Glass, Lewis & Co. have both recommended that SunOpta's shareholders vote "FOR" the proposed acquisition of the Company by an affiliate of Refresco Holding B.V. at the Company's upcoming special meeting of shareholders scheduled for April 16, 2026. SunOpta's Board of Directors has unanimously determined that the Arrangement is fair to shareholders and is in the best interests of the Company and recommends that shareholders vote "FOR" the Arrangement at the upcoming Shareholder Meeting.