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 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. 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. 7-Eleven acquires 204 Stripes stores in U.S. from Sunoco Sunoco will also amend its existing take-or-pay fuel supply agreement with 7-Eleven. First Previous 1 2
