Brief: SunOpta says Oaktree permitted to acquire additional common shares

SunOpta

08/05/2017 12:30

May 8 (Reuters) - Sunopta Inc  SOY.TO  
    * Sunopta announces oaktree permitted to acquire additional 
common shares 
    * Says maximum number that oaktree may acquire is lesser of 
5,125,036 common shares of sunopta 
    * Sunopta - agreed to waive standstill provision to permit 
oaktree capital management, l.p. To buy additional shares of 
sunopta on or before may 6, 2020 
    * Sunopta - maximum number that oaktree may acquire is also 
the number that would ensure that oaktree's ownership does not 
exceed 19.99% of common shares currently outstanding 
    * Sunopta - as condition to co's consent, oaktree agreed to 
make share purchases only through open market purchases on 
nasdaq, tsx within next 3 years 
    * Sunopta inc - oaktree has agreed to an amendment to voting 
trust agreement entered into in connection with issuance of 
preferred stock 
 
Source text for Eikon:  ID:nBw2rxbd6a  
Further company coverage:  SOY.TO  
 
 ((Bangalore.newsroom@thomsonreuters.com;))