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Shareholder Engine Capital demands board changes at Parkland Corp., as the fuel company considers a sale.
A shareholder, Engine Capital LP, is demanding a board shakeup at Parkland Corp., a Calgary-based fuel refiner and retailer, as the company considers selling itself.
Engine, owning 2.5% of Parkland's stock, claims the current board cannot represent investors' interests and calls for an overhaul including shareholder representatives.
Parkland is reviewing strategic options, including a sale, due to its stock price not reflecting its intrinsic value.
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El accionista Engine Capital exige cambios en la junta directiva de Parkland Corp., ya que la compañía de combustible considera una venta.