Parkland Corp.'s largest shareholder, Simpson Oil, calls for a strategic review, including potential sale, while Parkland rejects the call.
Parkland Corp. shares rose over 5% after its largest shareholder, Simpson Oil Ltd., called for a strategic review, including a potential company sale. However, Parkland rejected the call, stating that a strategic review is unnecessary and does not consider the best interests of the majority of shareholders. The dispute between the two parties escalated as Simpson Oil argued that a review is crucial to improve Parkland's operations and financial performance.
April 15, 2024
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