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Stock Market & Financial Investment News

News Breaks
November 16, 2012
09:20 EDTSTKLSunOpta initiated with a Buy at Sidoti
Target $10.
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March 2, 2015
17:04 EDTSTKLSunOpta signs definitive agreement to acquire Citrusource
SunOpta announced it has signed a definitive agreement to acquire Citrusource. The acquisition transaction closed contemporaneously with the execution of the definitive agreement. Citrusource is a leading supplier of premium not-from-concentrate private label organic and conventional orange juice and citrus products in the United States with revenues of approximately $30M. They operate a national sourcing and supply operation utilizing a number of processing and packaging partners to serve a variety of well-known retailer customers. The business was acquired for a combination of cash on closing of $13.3M, plus future payments based on specific performance targets, and are subject to certain post-closing adjustments. The acquisition was funded from available credit facilities and is expected to be immediately accretive.
17:02 EDTSTKLSunOpta announces $30M share repurchase program
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17:01 EDTSTKLSunOpta reports Q4 adjusted EPS 6c, consensus 10c
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