Oaktree Capital grows SunOpta ownership stake to 16.16 pct
U.S. private investment firm Oaktree Capital Management has increased its ownership of common shares in SunOpta Inc (Nasdaq: STKL, TSX: SOY), a Canadian specialty foods producer. In May, Oaktree acquired about 1.4 million shares at US$8 per unit, growing its total interest in the business to approximately 16.16 percent of outstanding shares. Last year, Oaktree invested $85 million in the form of exchangeable preferred shares in Toronto-based SunOpta, which was intended to help reduce the company's second lien debt and enhance flexibility.
22 June 2017•4 mins read
