Proxy advisory firms ISS and Glass Lewis back Sunoco offer for ParklandParkland's biggest shareholder Simpson Oil has said it plans to vote in favour of the offer. Activist investor Engine Capital plans to vote against US$9.1B Parkland-Sunoco dealEngine Capital partners say Sunoco deal was rushed, the price is too low and there are likely better options available. Parkland-Sunoco deal could face tough scrutiny with fraught Canada-U.S. relations Ottawa 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 completed Sunoco’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. First Previous 2 3 4 5 6 Next Last
