Canada's SunOpta rises after deal to buy organic oils producer

SunOpta

02/04/2019 16:16

** U.S. shares of organic food company  STKL.O   SOY.TO 
rise 10.3 pct to $3.71 after deal to buy organic oils producer
Sanmark
    ** Transaction is valued at 3.0 mln euros ($3.4 mln) on a
debt-free basis and was financed through existing credit
facilities  urn:newsml:reuters.com:*:nBw7xFGPWa
    ** STKL says deal, which will expand co's oil business
globally, is expected to generate ~10 mln euros ($11.2 mln) in
revenue in 2019
    ** Canada-listed shares were up 10.6 pct at $4.91 in early
trading 
    ** Nasdaq-listed shares have fallen 5 pct this year

($1 = 0.8938 euros)

 (Reporting by Amy Caren Daniel in Bengaluru)
 ((Reuters Messaging:
Amy.CarenDaniel.thomsonreuters.com@reuters.net))