Parkland Corporation Refutes Need for Review

Parkland Corporation (TSE:PKI) has released an update.

Parkland Corporation has rejected the call for a strategic review by Simpson Oil Limited, affirming it’s not in the best interests of the majority of shareholders and citing a previous undervalued sale attempt by Simpson. The company emphasizes its commitment to its current strategy, which has garnered shareholder support and led to a significant share price increase in 2023. Parkland is also addressing Simpson’s alleged violation of a governance agreement, asserting its focus on maximizing shareholder value.

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