SunOpta announces shareholder approval of proposed acquisition by Refresco

SunOpta (STKL) 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.