1. SunOpta, Inc. (NASDAQ:STKL)
Number of Hedge Fund Holders: 25
Year-To-Date Performance: 75.02%
Market Capitalization: $770.97 million
Stock Upside: 23.08%
SunOpta, Inc. (NASDAQ:STKL) is one of the must-buy small cap stocks to buy. On April 10, SunOpta, Inc. (NASDAQ:STKL) announced that the US Federal Trade Commission had granted early termination of the waiting period under the Hart-Scott-Rodino (HSR) Antitrust Improvements Act of 1976. The move allowed the company to clear a key regulatory hurdle in its proposed acquisition by Refresco Holding B.V.
The HSR clearance satisfies one of the required conditions for the deal to close, but the transaction is not yet complete. It still needs approval from SunOpta’s shareholders, a final order from the Ontario Superior Court of Justice, and clearance under any other applicable antitrust laws.
The acquisition itself became public on February 6, when Refresco had agreed to buy all outstanding shares of SunOpta for $6.50 per share in cash. This deal valued the Eden Prairie, Minnesota-based company at approximately $1.1 billion. Both companies’ boards unanimously approved the deal at the time.
On its part, Refresco said it wanted to acquire SunOpta to expand its plant-based beverages capabilities and strengthen its footprint in North America. The company is a global beverage solutions provider based in the Netherlands and is majority-owned by private equity firm KKR.
SunOpta expects the transaction to close in Q2 2026. In the meantime, the company has suspended its quarterly earnings calls and will not provide financial guidance for the duration of the pending deal.
SunOpta, Inc. (NASDAQ:STKL) is a consumer staples company. It manufactures and sells plant-based and fruit-based food and beverage products, including oat, almond, soy, and coconut-based drinks, as well as broths, teas, and fruit snacks.
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