Latest news with #SunocoLP
Bloomberg
2 days ago
- Business
- Bloomberg
Top Parkland Holder Backs Sunoco Deal, Urges Others to Adhere
The top shareholder in Parkland Corp. said it supports the Canadian fuel distributor's proposed takeover by Sunoco LP, describing the deal as a turning point for the company. Barbados-based investment firm Simpson Oil Ltd., which holds 19.8% of Parkland's outstanding common shares, said it will vote in favor of the transaction and urged other shareholders to do the same.
Toronto Star
2 days ago
- Business
- Toronto Star
Activist investor Engine Capital plans to vote against US$9.1B Parkland-Sunoco deal
CALGARY - A major shareholder in fuel refiner and retailer Parkland Corp. says it plans to vote against its planned takeover by U.S. heavyweight Sunoco LP. Engine Capital owns 2.5 per cent of Parkland's shares, making it one of the Calgary-based company's biggest investors.
CNBC
27-05-2025
- Business
- CNBC
Watch CNBC's full interview with Gillon Capital vice chairman Ray Washburne
Ray Washburne, Gillon Capital and Gillon Property Group vice chairman, Sunoco LP board chairman and Red Lobster board member, joins 'Squawk Box' to discuss how American businesses are navigating the Trump administration's agenda, impact of President Trump's tariffs policy, health of the consumer, state of the banking sector, M&A outlook, and more.
CNBC
27-05-2025
- Business
- CNBC
Ray Washburne on navigating Trump's tariffs, resetting global trade and health of the consumer
Ray Washburne, Gillon Capital and Gillon Property Group vice chairman, Sunoco LP board chairman and Red Lobster board member, joins 'Squawk Box' to discuss how American businesses are navigating the Trump administration's agenda, impact of President Trump's tariffs policy, health of the consumer, state of the banking sector, M&A outlook, and more.
Toronto Star
13-05-2025
- Business
- Toronto Star
Parkland-Sunoco deal comes amid fraught U.S.-Canada relations, resource nationalism
CALGARY - Ottawa is weighing the proposed takeover of Calgary-based Parkland Corp. by American fuel distributor Sunoco LP at a time of fraught Canada-U.S. relations and amped-up resource nationalism. The US$9.1-billion friendly deal announced last week is subject to a review under the Investment Canada Act, which considers whether foreign investments would be a net benefit to the country or cause potential harm to national security.
