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WorldPosted at: Jun 27 2016 8:19PM


SunOpta hires advisers after shareholder urges sale of company

Undated, Jun 27 (Reuters) Canada's SunOpta Inc said it hired financial and legal advisers to explore strategic alternatives, months after its largest shareholder Tourbillon Capital Partners LP urged the organic foods company to sell itself.
The strategic review follows talks with large shareholders, who concluded that "now is not the right time to commence an outright sale of the company," SunOpta said in a statement.Hedge fund Tourbillon, which holds a 9.9 percent stake in SunOpta, said in May that it was going public with its request for a sale of the company after months of private talks.
Tourbillon said then that it might push for changes to SunOpta's board and management if business did not pick up.
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