Parkland Corporation Refutes Need for Review
Company Announcements

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.

For further insights into TSE:PKI stock, check out TipRanks’ Stock Analysis page.

Related Articles
TipRanks Canadian Auto-Generated NewsdeskParkland Reports Challenging Q3 Amid Refining Pressures
Ryan AdistIs PKI a Buy, Before Earnings?
TipRanks Canadian Auto-Generated NewsdeskParkland Corporation to Announce Q3 2024 Results
Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App