Northwire Canada EditionThursday, October 15, 2026
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M&A / Property

SunOpta gets ISS, Glass Lewis support for Refresco deal

SOY · Price

Executive Summary

  • Leading independent proxy advisory firms, ISS and Glass Lewis, have both recommended that SunOpta shareholders vote "FOR" the proposed acquisition by an affiliate of Refresco Holding B.V.
  • The acquisition involves Refresco purchasing SunOpta for $6.50 (U.S.) per share in cash.
  • The transaction is subject to shareholder approval at a special meeting scheduled for April 16, 2026, and approval by the Ontario Superior Court of Justice.

Key Details

  • Proxy Recommendations: Institutional Shareholder Services Inc. (ISS) and Glass, Lewis & Co. issued favorable recommendations for the proposed acquisition.
  • Acquisition Price: $6.50 (U.S.) per share in cash.
  • Acquirer: An affiliate of Refresco Holding B.V.
  • Shareholder Meeting: Scheduled for April 16, 2026, at 10 a.m. ET via live audio webcast.
  • Proxy Cut-off: April 14, 2026, at 10 a.m. Eastern Time.
  • Board Recommendation: SunOpta’s board of directors unanimously recommends voting for the arrangement, deeming it fair to shareholders and in their best interests.
  • Closing Conditions: Subject to shareholder approval, Ontario Superior Court of Justice approval, and satisfaction/waiver of customary closing conditions.
  • Shareholder Assistance:
    • Proxy/Voting Questions: Sodali & Co. (1-833-830-8285 NA / 1-289-695-3075 International; [email protected]).
    • Share Deposit/Letter of Transmittal: TSX Trust Company (1-866-600-5855 NA / 1-416-342-1090 International; [email protected]).
Read the original news release →

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