Parkland says strategic review called for by Simpson Oil is unnecessary

CALGARY — Fuel retailer Parkland Corp. says a strategic review of its business called for by its largest shareholder is unnecessary.

The comments came after Simpson Oil Ltd. sent a letter to the Parkland board of directors last week that called for a review of strategic alternatives including a potential sale of the company.It said last month it would evaluate its options to protect its shareholder rights once restrictions under an agreement that limited its ability to nominate and vote for board members at Parkland expired on March 31.

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