PPF

Sol Cuisine has announced that it has entered into a definitive agreement with PlantPlus Foods and its wholly-owned subsidiary, PlantPlus Foods Canada Inc. PlantPlus Foods, a joint-venture controlled by Marfrig Global Foods S.A., is a provider of plant-based protein products across the Americas. 

According to the agreement, PlantPlus Foods will acquire all of the outstanding common shares of Sol Cuisine for $2.06 per share in cash, all of the outstanding common share purchase warrants and compensation options of Sol Cuisine for $0.18 per Warrant or Compensation Option, as the case may be, in cash, and all of the outstanding stock options of Sol Cuisine for a cash payment equal to the amount (if any) by which the Share Consideration exceeds the exercise price of such Options. The Transaction is to be completed by way of a plan of arrangement under the Business Corporations Act.

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