(Bloomberg) SunOpta Inc., the Canadian natural and organic food producer undertaking a strategic review, is being targeted by activist fund Engaged Capital, which disclosed a new 7.5 percent stake.
The hedge fund run by Glenn Welling has signed a confidentiality agreement with SunOpta, according to a 13D filing Thursday. Engaged has held talks with the company since it announced its review on June 26, tackling subjects including the structure of any investment by a strategic partner or financial sponsor, and “potential paths to improving operating performance.’’
