SunOpta facilitates Oaktree investment, limits stake to 19.99 pct

Canadian specialty foods producer SunOpta Inc (Nasdaq: STKL, TSX: SOY) has agreed to waive a standstill provision, allowing Oaktree Capital Management to acquire more of the company's common shares. The deal is part of a previously announced agreement that restricts Oaktree's total investment to 19.99 percent of all common shares. Last October, Oaktree invested $85 million in exchangeable preferred shares, intended to help Toronto-based SunOpta reduce its second lien debt and increase flexibility.

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