Latest news with #fuelDistributor
Bloomberg
a day 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.
Bloomberg
2 days ago
- Automotive
- Bloomberg
Parkland Investor Engine Capital to Vote Against Sunoco Takeover
Engine Capital LP told the board of Canadian fuel distributor Parkland Corp. it plans to vote against the company's $9.1 billion takeover by Sunoco LP, calling the sale process expedited and flawed. Engine, which says it owns about 2.5% of Parkland, said Friday in a letter to the board that the deal announced last month materially undervalues Parkland and that there are better alternatives.
