SunOpta Rises 6%

SunOpta shares were higher over 6% on Thursday after Engaged Capital Flagship Fund, Ltd. said in a regulatory filing that it now holds a a 7.5% stake in the operator of businesses focused on a healthy products.

Engaged Capital also that in connection with the SunOpta’s strategic review process, it is in talks with the company to assess the various strategic options available to it, how an investment by a strategic partner or financial sponsor should be structured in order to protect the interests of the company’s shareholders, the potential paths to improving operating performance and other means to enhance shareholder value.

The investor said that in order to facilitate continued discussions regarding the strategic review process, it entered into a confidentiality agreement with the SunOpta on Sept. 14.

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