Ask the Expert: In the wake of Sunoco's Parkland acquisition, what does foreign ownership mean for Canada's fuel landscape?The deal marks a turning point in who controls a major share of Canada’s energy and retail fuel network. Parkland announces completion of acquisition by Sunoco LPParkland shares to be delisted from the TSE at of the close of markets on Tuesday. Parkland, Sunoco clear key U.S. regulatory hurdle for acquisition Parkland shareholders approved Sunoco takeover in June of this year. Parkland receiving Quebec government support in its EV charging expansion efforts Province will give the fuel and retail operator $9.5 million to expand province’s Green Economy plans. Uncertainty shapes Canada’s fuel sector As gas prices fall, a mix of market volatility, OPEC+ output and geopolitical tension is shifting consumer habits—and offering new retail opportunities. Parkland shareholders approve Sunoco takeover Shareholders also voted in support of the director nominees Parkland's management put forward. Proxy advisory firms ISS and Glass Lewis back Sunoco offer for Parkland Parkland'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 deal Engine Capital partners say Sunoco deal was rushed, the price is too low and there are likely better options available. 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. First Previous 1 2 3 Next Last
