Parkland-Sunoco deal could face tough scrutiny with fraught Canada-U.S. relationsOttawa recently announced updated national security guidelines under the Investment Canada Act to account for potential harms to Canada's economic security. Parkland executives may be let go when acquisition by fuel giant Sunoco is completedSunoco’s US$9 billion acquisition of Parkland will see a new company being formed with a new leadership. Parkland agrees to be bought by U.S. heavyweight Sunoco in US$9.1B deal Parkland and Simpson Oil have been at odds over the fuel refiner and retailer's performance and governance for at least a year. Parkland’s first quarter results for 2025 come amidst the announcement that it is to be acquired by Sunoco LP Parkland saw a recovery in earnings driven by international growth and strong refining margins. Dissident to fight board vote delay in court after Parkland, Sunoco ink US$9.1B deal Simpson Oil decries delay of annual general meeting. Asks court to say it must go ahead as planned. Updated: U.S.-based Sunoco signs deal to purchase Parkland Corp. Shareholders will be asked to approve the deal for the Calgary-based company June 24. Stakeholders comment on proposed deal. Board change needed at Parkland, but not as drastic as dissident wants: advisory firm Glass Lewis says a wholesale replacement of the board isn't warranted or advisable. Parkland’s Bob Espey stepping down as president, CEO Michael Jennings, chair of the Board, appointed as executive chair. Parkland nominates 13 directors including three Simpson Oil nominees Appoints Brad Monaco as permanent chief financial officer, effective immediately. Parkland looking to refresh and update Journie Rewards loyalty program Company wants to bring new life and new members. 1 2 3 4 5 Next Last
