SunOpta Says U.S. Regulators Allow an Early End to a Waiting Period for its Acquisition by Refresco

SunOpta (SOY.TO, STKL) on Friday said U.S. regulators allowed early termination of the waiting period under the Hart-Scott-Rodino Antitrust Act, easing the way for its sale to Refresco Holding for US$6.50 per share.The company said the early termination of the waiting period under the HSR Act satisfies one of the conditions to the closing of the arrangement.The company said closing the sale remains 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.The company's shares were last seen down C$0.03 to C$8.97 on the Toronto Stock Exchange.Price: $8.97, Change: $-0.03, Percent Change: -0.33%

-- SunOpta (SOY.TO, STKL) on Friday said U.S. regulators allowed early termination of the waiting period under the Hart-Scott-Rodino Antitrust Act, easing the way for its sale to Refresco Holding for US$6.50 per share.

The company said the early termination of the waiting period under the HSR Act satisfies one of the conditions to the closing of the arrangement.

The company said closing the sale remains 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.

The company's shares were last seen down C$0.03 to C$8.97 on the Toronto Stock Exchange.

Price: $8.97, Change: $-0.03, Percent Change: -0.33%