SunOpta (NASDAQ:STKL), a leading pioneer in sustainable, plant-based food and beverage supply chain solutions, announced today that its shareholders have overwhelmingly approved the company’s acquisition by an affiliate of Refresco Holding.
The deal, valued at US$6.50 per share in cash, was authorized during a special meeting held on April 16, 2026.
The support for the transaction was nearly unanimous, with 98.06% of the votes cast in favor of the plan of arrangement.
Additionally, a non-binding advisory proposal regarding executive compensation passed with 82.45% support.
The lopsided vote underscores investor confidence in the valuation, which represents a significant premium over SunOpta’s historical trading averages prior to the announcement of the Refresco partnership.
The deal is being executed via a plan of arrangement under the Canada Business Corporations Act.
While shareholder approval was a critical milestone, the transaction remains subject to final regulatory clearances and a final order from the Ontario Superior Court of Justice.
That court hearing is currently scheduled for April 22, 2026.