Engine Capital told the board of Canadian fuel distributor Parkland (OTCPK:PKIUF) on Friday it plans to vote against the company’s $9.1B cash and stock takeover by Sunoco LP (NYSE:SUN), saying ...

U.S. fuel supplier Sunoco has struck a $9.1-billion deal to buy Canada-based Parkland , a move that would create the Americas' largest independent fuel distributor but which Parkland's largest ...

Simpson Oil did not respond to a Reuters request for comment. Parkland shareholders will receive C$19.80 in cash and 0.295 Sunoco units for each Parkland share held.

Parkland, Sunoco and Simpson Oil declined to comment on Engine Capital’s decision to oppose the takeover. Sunoco’s bid for Parkland consists of $19.80 per share in cash and 0.295 of Sunoco units.

Parkland Corp. dropped a bombshell on the c-store industry Monday morning when it announced plans to sell its business to fuel company Sunoco for over $9 billion.

CALGARY — Parkland Corp.’s biggest shareholder says it plans to vote in favour of the company’s planned takeover by U.S. heavyweight Sunoco LP, while another major investor said it won’t support the ...

Activist investor Engine Capital plans to vote against US$9.1-billion Parkland-Sunoco deal Engine Capital argues the deal was rushed, the price is too low and that there are likely better options ...

Sunoco's offer was unanimously approved by Parkland's board, the companies said on Monday. But Parkland's largest shareholder, Simpson Oil, called the deal a "last-ditch attempt" by Parkland's board ...

Simpson Oil had aimed to overhaul Parkland's board through a shareholder vote planned for May 6, but the Sunoco deal was announced the previous day and the meeting was postponed.