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SunOpta (STKL) Stock Climbs on Potential Private Equity Buyout

NEW YORK (TheStreet) -- Shares of SunOpta (STKL) were advancing on heavy trading volume mid-Friday afternoon on speculation that the company is the focus of a private equity company for a potential buyout, according Dealreporter.

Last year, the Mississauga, Ontario-based foods company acquired frozen fruit producer Sunrise Holdings in a transaction valued at $450 million.

The stock has slumped 33.73% since the deal.

The company is currently under pressure from two activist shareholders, Tourbillon Capital and...