Simpson Oil Urges Parkland Corp to Review Strategic Alternatives

- Simpson Oil , the biggest shareholder of Parkland Corp , on Friday sent a letter to the board of the Canadian fuel retailer, urging it to immediately start a review of strategic alternatives including a potential transition of the company to new ownership.

In January, activist investor Engine Capital had asked for refreshment of Parkland's board saying it was concerned about the recent departures from Parkland's board of Simpson Oil designees Marc Halley and Michael Christiansen, after being directors for eight months. ‘Who in the hell needs a Rolex watch?’: Why Charlie Munger warned Americans against ‘pretentious expenditures’It's difficult to predict where a particular stock may be in the next three to five years, but in some cases, you can make an educated guess about its direction shortly. The post Where Will Algonquin Power Be in 3 Years? appeared first on The Motley Fool Canada.Hackers steal $14.2M from Alberta-based bank, sparking court battle with B.C.

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Simpson Oil Parkland Corp Shareholder Strategic Alternatives Ownership Transaction

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