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STKL Events
SunOpta Acquired by Refresco for $6.50 per Share
SunOpta announced the successful completion of the acquisition of the company by an affiliate of Refresco for $6.50 per common share in cash pursuant to a previously announced plan of arrangement under section 192 of the Canada Business Corporations Act. As previously announced, shareholders of SunOpta overwhelmingly approved the arrangement at a special meeting of shareholders held on April 16. SunOpta obtained a final order from the Ontario Superior Court of Justice in respect of the arrangement on April 22. In connection with the arrangement, SunOpta's shares will be delisted from the Toronto Stock Exchange and the Nasdaq Stock Market. SunOpta will also apply to cease to be a reporting issuer under applicable Canadian securities laws and will deregister its securities under U.S. securities laws as soon as practicable.
SunOpta Shareholders Approve Acquisition at $6.50 per Share
SunOpta 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.
SunOpta Announces Early Termination of Antitrust Waiting Period for $6.50 Acquisition by Refresco
SunOpta announced the early termination of the waiting period under the Hart-Scott-Rodino Antitrust Improvements Act of 1976 in connection with the proposed acquisition of the Company by an affiliate of Refresco Holding for $6.50 per share in cash. The early termination of the waiting period under the HSR Act satisfies one of the conditions to the closing of the Arrangement. The closing of the Arrangement is 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.
SunOpta Receives Support for Acquisition Proposal from Proxy Firms
SunOpta announced that leading independent proxy advisory firms Institutional Shareholder Services and Glass, Lewis & Co. have both recommended that SunOpta's shareholders vote "FOR" the proposed acquisition of the Company by an affiliate of Refresco Holding B.V. at the Company's upcoming special meeting of shareholders scheduled for April 16, 2026. SunOpta's Board of Directors has unanimously determined that the Arrangement is fair to shareholders and is in the best interests of the Company and recommends that shareholders vote "FOR" the Arrangement at the upcoming Shareholder Meeting.
Dow Surges Above 50,000 for First Time, Amazon Shares Drop Post Earnings
The major averages closed sharply higher and the Dow rallied above 50,000 for the first time in a rebound from several days of sharp losses, even as Amazon tumbled after its earnings report and spending forecast. Wall Street appears to be reassessing worries about AI disruption as well as the risks of major investments in the space by big tech.Looking to commodities, gold was on the rise amid continued volatility, while oil prices were also higher.Get caught up quickly on the top news and calls moving stocks with these five Top Five lists.1. STOCK NEWS:Amazonreportedand said it expects to invest $200B in capital expenditures in 2026Stellantissaid a reset of its business resulted in, with the company also announcing plans to sell its 49% equity stake in NextStar Energy and the suspension of its annual dividendRedditreportedand provided upbeat Q1 revenue guidanceMolina Healthcarereportedand provided its outlook for FY26The Department of Justice is investigating Netflix'sbusiness practices as part of a review of he company's proposed acquisition of Warner Bros. Discovery'sstudios and HBO Max streaming service,2. WALL STREET CALLS:Amazonto Neutral from Buy at DA DavidsonFreedom CapitalRobloxto Buy on valuation, better-than-expected outlookRokuto Outperform at OppenheimerGemini Space Stationto In Line at Evercore ISIHub Groupto Sell at Stifel and downgraded to Neutral at Baird3. AROUND THE WEB:Hellman & Friedman is in talks to acquire Bill, Bloomberg reportsWilliamsis looking to buy natural gas production assets, Reuters reportsAppleCEO Tim Cook told employees an all-hands meeting with staff on Thursday that he's "deeply distraught" with the current U.S. approach to immigration and will continue pressing the issue with lawmakers, Bloomberg reportsTSMCplans to make advanced 3-nanometer chips in Japan, upgrading its original blueprint to produce 7nm chips, Bloomberg reportsHP, Dell, Acer, and Asus are considering sourcing memory chips from Chinese chipmakers, Nikkei Asia says4. MOVERS:SunOptagains after announcing itfor $6.50 per share in cashStrategyand Billincrease afterGalaxy Digitalincreases after announcing aDoximityfalls afterand announcing its CFO will take a leave of absenceRibbon Communicationsand Impinjlower after5. EARNINGS/GUIDANCE:AerCap, with EPS and revenue beating consensusUnder Armourand raised its guidance for FY26Philip Morris, with CEO Jacek Olczak commenting on "another remarkable year of results"Toyota Motorand raised its guidance for FY26Biogen, with EPS and revenue beating consensusINDEXES:The Dow rose 1,206.95, or 2.47%, to 50,115.67, the Nasdaq gained 490.63, or 2.18%, to 23,031.21, and the S&P 500 advanced 133.90, or 1.97%, to 6,932.30.
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