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Simpson Oil seeks control of Parkland Corp. through proxy battle, proposing nine directors for the board.
Parkland Corp. is facing a proxy battle with shareholder Simpson Oil Ltd., which owns 19.8% of Parkland's shares.
Simpson has proposed nine directors to take control of the company without a premium payment.
Parkland has responded by proposing a slate of 13 directors, including three from Simpson, for the upcoming May 6 meeting.
Parkland is reviewing strategic alternatives and plans to reduce its board size to 11 by next year.
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Simpson Oil busca el control de Parkland Corp. a través de la batalla por poderes, proponiendo nueve directores para la junta directiva.