6 h. ago Parkland Corp. names 2 new directors as activist investor demands board shakeup

Parkland announced earlier this month that it would formally review ways to boost shareholder returns

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12 h. ago Parkland names two new directors as activist investor demands board shakeup

Parkland Corp., which is facing calls from an activist shareholder for an overhaul of its board, has named two new independent directors. The Calgary-based fuel refiner and retailer, which is undergoing a strategic review, named Felipe Bayon and Sue Gove to its board of directors, effective Tuesday. Bayon is a former chief executive of Ecopetrol […]

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28 h. ago Parkland Corp. shareholder demands board shakeup as fuel refiner and retailer weighs sale

In announcing its strategic review on March 5, Parkland said it would invite Simpson Oil to rejoin its board and take part in a committee reviewing options to boost share price.

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34 h. ago Parkland shareholder demands board shakeup as fuel refiner and retailer weighs sale

CALGARY — A shareholder in Parkland Corp. is demanding a board shakeup at the Calgary-based fuel refiner and retailer. Engine Capital LP, which owns 2.5 per cent of Parkland’s shares, says the current board cannot be trusted to represent investors’ best interests. Engine, along with major shareholder Simpson Oil, had been calling on Parkland to […]

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1 week ago Parkland to consider sale, other strategic alternatives after shareholder pressure

CALGARY — Parkland Corp., which has been under pressure from major shareholders to improve its share price, has announced plans to review strategic alternatives, including the possible sale of the company. The Calgary-based fuel refiner and retailer says a special board committee made up of independent directors will look at its business strategy and ways […]

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1 week ago Phillips 66 Pushes Back Against Activist Elliott in Board Fight

Phillips 66 is fighting back against activist investor Elliott Investment Management in a letter to shareholders Wednesday.

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2 w. ago Elliott Ramps Up Pressure on BP as Turnaround Plan Falls Short

Elliott Investment Management is ramping up pressure on BP Plc after its new strategy fell short of the activist investor’s expectations, people with knowledge of the matter said.

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3 w. ago BP to Prepare Lubricants Sale, Ditch Plan to Cut Oil Output in Strategy Review

BP Plc is set to announce a potential sale of its lubricants business and abandon plans to cut oil and gas output as it embarks on a shift away from renewable energy amid pressure from activist investor Elliott Investment Management, according to people familiar with the matter.

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