SunOpta Inc. (NasdaqGS:STKL; Toronto:SOY.TO) announced yesterday a major secondary public offering of its common stock.
Stephen R. Bronfman, SRB Belvedere Trust and The Charles R. Bronfman Trust intend to sell all of their 5,080,532 common shares of SunOpta.
The Companys says it will not receive any proceeds from the offering and that it has entered into an underwriting agreement at the request of the selling shareholders. The sole underwriter for this offering is BMO Capital Markets Corp.
The shares will be offered for sale by the underwriter to the public only in the United States pursuant to the prospectus.
About SunOpta Inc.
SunOpta Inc. is an operator of high-growth ethical businesses, focusing on integrated business models in the natural and organic food, supplements and health and beauty markets. The Company has three business units: the SunOpta Food Group, which specializes in sourcing, processing and distribution of natural and organic food products integrated from seed through packaged products; the Opta Minerals Inc. (Toronto:OPM.TO) (66.3% owned by SunOpta), a producer, distributor, and recycler of environmentally friendly industrial materials; and the SunOpta BioProcess Inc., which engineers and markets proprietary steam explosion technology systems for the pulp, bio-fuel and food processing industries. Each of these business units has proprietary products and services that give it a solid competitive advantage in its sector.
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