Investor pressure grows at SunOpta as third hedge fund reports stake: Reuters

U.S. activist investor Engaged Capital reported a 7.5 percent stake in SunOpta Inc and said it had signed a confidentiality agreement with the Canadian organic food company to provide strategic advice, Reuters reported. The move comes as SunOpta faces increasing activist shareholder pressure. U.S. hedge fund Tourbillon Capital pressured SunOpta to explore a sale earlier this year. In July, it was said that Canadian hedge fund West Face Capital had a stake and could push for board and management changes should a sale fail to materialize.

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