Business Wire·Mar 18, 2026, 8:00 AM ET

SunOpta Files Circular and Proxy Statement for Special Meeting of Voting Shareholders and Announces Receipt of Interim Order

STKL TSX:SOY

SunOpta Inc. announced that its Board unanimously recommends Voting Shareholders vote FOR the proposed Arrangement.
The Arrangement involves an affiliate of Refresco Holding B.V. acquiring all outstanding Common Shares for US$6.50 per share in cash.
The Shareholder Meeting is scheduled for April 16, 2026, at 10:00 a.m. Eastern time, to be held virtually via live audio webcast.
The acquisition implies an enterprise value of approximately US$1.1 billion, representing a 44% premium to SunOpta's 20-trading-day volume weighted average price as of February 5, 2026.
The Board determined the Offer price reflects an acquisition multiple of approximately 12.0x based on fiscal 2026 adjusted EBITDA guidance and 10.8x based on projected fiscal 2027 adjusted EBITDA.
An Interim Order was granted by the Ontario Superior Court of Justice on March 16, 2026, authorizing the Shareholder Meeting and the distribution of the Circular and Proxy Statement.
The record date for determining Voting Shareholders entitled to vote is March 10, 2026, at the close of business.
Proxies and voting instruction forms must be received by April 14, 2026, at 10:00 a.m. Eastern time.
SunOpta engaged Lazard Frères & Co. LLC to maximize the price offered by Refresco after an ongoing strategic review process lasting nearly a year.
The Circular and Proxy Statement is available on SunOpta's website, SEDAR+, and EDGAR, containing detailed information on the Arrangement, risks, and voting procedures.
Shareholders may contact Sodali & Co for proxy assistance or TSX Trust Company for questions regarding the deposit of Common Shares.
Forward-looking statements in the release highlight risks including potential failure to obtain shareholder approval, regulatory clearances, financing availability, or the termination of the Arrangement Agreement.