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Parkland ( (TSE:PKI) ) has provided an announcement.
Parkland Corporation has acknowledged the Ontario Superior Court of Justice’s decision that Simpson Oil Limited is no longer bound by the voting and standstill restrictions in their Governance Agreement, initially established in 2019 to protect Parkland’s shareholders. Despite this change, Parkland remains committed to maximizing shareholder value and executing its long-term strategy while continuing engagement with all stakeholders. The company emphasizes its strong operational foundation and focus on shareholder interests, indicating that Simpson Oil’s representation on its board remains welcome.
More about Parkland
Parkland Corporation is an international fuel distributor, marketer, and convenience retailer operating in twenty-six countries across the Americas. Serving over one million customers daily, Parkland’s retail network addresses fuel and convenience needs, while its commercial operations supply businesses with industrial fuels. The company also offers renewable fuel solutions, solar power, and ultra-fast EV charging, with around 4,000 retail and commercial locations in Canada, the United States, and the Caribbean. Parkland’s strategy is driven by its Customer Advantage and Supply Advantage, aiming to be the first choice for customers through reliable service, competitive pricing, and a compelling loyalty program.
YTD Price Performance: -1.25%
Average Trading Volume: 569,554
Technical Sentiment Consensus Rating: Buy
Current Market Cap: C$5.62B
Find detailed analytics on PKI stock on TipRanks’ Stock Analysis page.
