SunOpta Receives Final Court and Regulatory Approvals for Refresco Acquisition

Key Facts

SunOpta Inc. has officially obtained final approval from the Ontario Superior Court of Justice for its proposed acquisition by Refresco Holding B.V. This pivotal legal milestone clears the path for the completion of the cash transaction, valued at US$6.50 per share. Additionally, the company received a no-action letter from the Canadian Commissioner of Competition, confirming regulatory clearance under the Competition Act. These approvals represent the removal of major hurdles for the previously announced merger agreement. The development is expected to significantly reduce deal uncertainty and align the stock price closer to the acquisition offer. This progress marks a definitive step toward finalizing SunOpta's integration into Refresco's operations.