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Superior Plus ( (TSE:SPB) ) has provided an update.
Superior Plus Corp. announced that the Alberta Court of Appeal has overturned a prior decision, ruling in favor of Superior in a litigation case against Chemtrade Electrochem Inc. This decision means Superior is not required to pay a C$25 million reverse termination fee related to a 2016 Agreement, and it is entitled to the return of approximately C$28 million previously paid. This ruling positively impacts Superior’s financial standing and strengthens its position in the market as it recovers significant funds, enhancing stakeholder confidence.
More about Superior Plus
Superior Plus is a leading North American distributor of propane, compressed natural gas, renewable energy, and related products and services. It serves approximately 770,000 customer locations in the U.S. and Canada, focusing on propane distribution and CNG, RNG, and hydrogen distribution. The company is committed to delivering low carbon fuels to various sectors, contributing to the energy transition by helping customers lower operating costs and improve environmental performance.
YTD Price Performance: -3.29%
Average Trading Volume: 1,372,305
Technical Sentiment Consensus Rating: Strong Buy
Current Market Cap: C$1.47B
For detailed information about SPB stock, go to TipRanks’ Stock Analysis page.
