$SOY.TO

SunOpta Said Closing of Arrangement is Subject To Remaining Regulatory Clearance Or Approval and Satisfaction Or Waiver of Customary Closing Conditions

SunOpta Announced Receipt of Final Court Approval and Competition Act Clearance Related to Proposed Buy By Refresco

SunOpta Announces Shareholder Approval of Proposed Acquisition by Refresco

SunOpta (SOY.TO) on Friday said that its shareholders approved the proposed acquisition of the company by an affiliate of Refresco Holding B.V. for US$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, 2026.The company added 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.A statement noted 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, 2026 at 9:30 a.m. (Eastern Time)," it said.The company's shares were last seen down C$0.04 at C$8.88 on the Toronto Stock Exchange.Price: $8.88, Change: $-0.04, Percent Change: -0.45%

SunOpta Says U.S. Regulators Allow an Early End to a Waiting Period for its Acquisition by Refresco

SunOpta (SOY.TO, STKL) on Friday said U.S. regulators allowed early termination of the waiting period under the Hart-Scott-Rodino Antitrust Act, easing the way for its sale to Refresco Holding for US$6.50 per share.The company said the early termination of the waiting period under the HSR Act satisfies one of the conditions to the closing of the arrangement.The company said closing the sale remains 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.The company's shares were last seen down C$0.03 to C$8.97 on the Toronto Stock Exchange.Price: $8.97, Change: $-0.03, Percent Change: -0.33%