Speculating in Takeover Targets Message Board

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Strategies & Market Trends : Speculating in Takeover Targets

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To: richardred who wrote (4180)	5/30/2016 6:33:00 PM
From: richardred	Read Replies (1) of 7242

I didn't see the product recall, but I had a hunch the speculative appeal was up beforehand. Message 30564642 Message 30589294 Hedge fund Tourbillon calls on Organic SunOpta to sell to rivalThe $4bn hedge fund Tourbillon Capital Partners has called on organic food firm SunOpta Inc. to hire an investment bank to look for ways to raise the company’s shareholder value and then sell itself to a larger rival, reported Reuters. Tourbillon, which owns 9.9% of SunOpta’s is the firm’s largest shareholder. The hedge fund said it was making public its position to sell the organic food company after months of discussion with the company’s management yielded no positive response. It is also concerned that the management of SunOpta is not 100% committed to increasing its share value. Jason Karp, head of Tourbillon, said, "Simply put, we believe SunOpta can become a more valuable business as a part of a larger enterprise." News of Tourbillon’s request sent shares of the SunOpta to jump 26.70% to close at $4.84 on Friday and continued to rise some 2% in after hours trading. But the Canadian firm’s stock remained down 32% over the last six months. SunOpta replied to Tourbillon’s request and said it would "review Tourbillon's suggestions and evaluate them on the basis of what is in the best interest of all shareholders." opalesque.com

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