Refresco Closes Acquisition of SunOpta for $6.50 a Share

Overview

• Refresco completed its purchase of SunOpta for $6.50 per share in cash under a court‑approved Canadian plan of arrangement following shareholder and court approvals.
• SunOpta now becomes a wholly owned Refresco subsidiary, adding strengths in plant‑based and nutritional drinks, tea, broth, and better‑for‑you fruit snacks.
• The company said its shares will be removed from Nasdaq and the Toronto Stock Exchange, with plans to stop public reporting in Canada and to deregister in the United States.
• Registered shareholders must send a letter of transmittal plus share certificates or DRS advice to TSX Trust Company to receive payment, while those holding through brokers do not need to submit forms.
• SunOpta warned of typical post‑deal risks, including possible litigation, higher costs, and disruption that could affect employees, customers, and suppliers.