SunOpta Announces Sale Of Frozen Fruit Assets To Nature's Touch For Aggregate Purchase Price Of $141M
Portfolio Pulse from Bill Haddad
SunOpta has announced the sale of its frozen fruit assets to Nature's Touch for an aggregate purchase price of $141 million.
October 13, 2023 | 11:01 am
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POSITIVE IMPACT
SunOpta's sale of its frozen fruit assets to Nature's Touch could potentially free up capital and streamline operations.
The sale of assets can often be a strategic move to free up capital for other investments or to streamline operations. This could potentially lead to improved financial performance in the future, which would be positive for the stock.
CONFIDENCE 85
IMPORTANCE 75
RELEVANCE 100