SunOpta (STKL) Announces Decision On Abener Arbitration
More News related to STKL
- SunOpta (STKL) Posts adj.-EPS of $0.07, Beats by 3c
- SunOpta Announces Third Quarter 2009 Results
- Trading Radar for 11/05: Starbucks (SBUX), CBS Corp. (CBS), CVS (CVS), Toyota (TM), Thomson Reuters (TRI)
- SunOpta Announces New Credit Facility
- SunOpta Expands Functional Fiber Portfolio
More News related to Corporate News
- S&P Announces Changes to US Index: CMN for NTG, CVGW for STSA
- Kinross (KGC) Enters Agreement for $125M Letter of Credit Facility
- Endo Pharma (ENDP) Announces Settlement with LecTec Over Outstanding Patent Litigation
- Trubion Pharma (TRBN) Announces Two Presentations of TRU-016 Product at 2009 ASH Meeting
- S&P Revises Outlook on Sirius XM (SIRI) from Stable to Positive
SunOpta (Nasdaq: STKL) and SunOpta BioProcess announced that the arbitrator has rendered his decision in the arbitration proceedings with Abener Energia S.A. regarding the Equipment Supply and Engineering Services Agreement related to a bioethanol plant being constructed in Salamanca, Spain.
The ruling of the arbitrator partially allowed Abener's claim and ordered payment be made to Abener in the amount of the EUR 1,329,898. The arbitrator's decision resolves certain disputes related to the interpretation of contractual business terms and does not reflect on the effectiveness of the Company's products and technologies nor the value of its intellectual property.
Due to confidentiality requirements that were agreed upon by both parties as part of the arbitration proceedings, neither party is at liberty to disclose further details.
Subscribe to EasyStockAlerts.com & Get real-time e-mail alerts when news hits your stocks!
SunOpta Inc. is an operator of high-growth ethical businesses, focusing on integrated business models in the natural and organic food and natural health markets.
Related Categories
Corporate NewsStocks Mentioned
+0.14Sign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
