8 h. ago Parkland agrees to be bought by U.S. heavyweight Sunoco in US$9.1B deal

CALGARY — A judge has sided with Parkland Corp. in its last-minute decision to delay its shareholder meeting by more than a month so investors can vote on a US$9.1-billion takeover by Sunoco LP at the same time they elect a board of directors. A showdown had been set to take place in Calgary on […]

Economics

11 h. ago Dissident to fight board vote delay in court after Parkland, Sunoco sign US$9.1B deal

CALGARY — Parkland Corp.’s biggest shareholder is going to court after the company announced a US$9.1-billion takeover by Sunoco LP and delayed a meeting where it was to face investors pushing for a boardroom overhaul. A showdown had been set to take place in Calgary on Tuesday, with shareholders voting on competing director nominee slates […]

Economics

13 h. ago Dissident to fight board vote delay in court after Parkland, Sunoco ink US$9.1B deal

CALGARY — Parkland Corp.’s biggest shareholder is going to court after the Calgary company announced a US$9.1-billion takeover by Sunoco LP and delayed a meeting where it was to face down investors pushing for a boardroom overhaul. A showdown had been set to take place in Calgary on Tuesday, with shareholders voting on competing director […]

Economics

16 h. ago U.S. company Sunoco signs deal to buy Parkland in agreement valued at US$9.1B

CALGARY — U.S. energy company Sunoco LP has signed an agreement to buy Parkland Corp. in a cash-and-stock deal valued at US$9.1 billion, including assumed debt. The deal comes as Calgary-based Parkland faces an attempt by Simpson Oil Ltd., its largest shareholder, to replace a majority of its board of directors. Parkland cancelled its annual […]

Economics

17 h. ago Sunoco to Buy Canadian Fuel Seller Parkland for $9.1 Billion

Sunoco LP agreed to acquire Parkland Corp., one of the largest owners of gas stations in Canada, for about $9.1 billion including debt.

Economics

17 h. ago Sunoco signs deal to buy Parkland in agreement valued at US$9.1 billion

The Canadian fuel retailer has been involved in a bitter dispute with its major shareholder

Economics