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Parkland, activist investor Simpson Oil, nominate competing director slates

  • Parkland Corp. And Simpson Oil Ltd. Both proposed slates of directors for election at the May 6 meeting.
  • Simpson Oil, owning almost 20% of Parkland, seeks changes due to concerns about Parkland's performance since 2019.
  • Parkland, a Calgary refuelling station operator, nominated 13 directors; Simpson nominated nine to the board.
  • Parkland's board chair, Michael Jennings, stated that Simpson's slate lacked credibility, attempting a takeover without a premium.
  • Parkland will review options to boost shareholder value, including a potential sale, amidst pressure from shareholders.
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CTV NewsCTV News
+8 Reposted by 8 other sources
Center

Parkland, activist investor Simpson Oil, nominate competing director slates

Parkland Corp. and its biggest shareholder have each proposed competing board slates as their dispute heats up ahead of the fuel refiner and retailer’s annual general meeting next month.

·Canada
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The Hamilton SpectatorThe Hamilton Spectator
+6 Reposted by 6 other sources
Lean Left

Parkland nominates 13 directors including three Simpson Oil nominees

CALGARY - Parkland Corp. is proposing a slate of 13 directors including three backed by dissident shareholder Simpson Oil Ltd. for election to its board at its annual meeting next month.

·Hamilton, Canada
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The Hamilton Spectator broke the news in Hamilton, Canada on Monday, April 7, 2025.
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