Sign In  |  Register  |  About San Rafael  |  Contact Us

San Rafael, CA
September 01, 2020 1:37pm
7-Day Forecast | Traffic
  • Search Hotels in San Rafael

  • CHECK-IN:
  • CHECK-OUT:
  • ROOMS:

Engine Capital Calls on Parkland Corp.’s Board of Directors to Pursue Strategic Alternatives

Believes Board Should Immediately Commit to Running a Comprehensive Review of Strategic Alternatives Following Several Years of Share Price Underperformance, Inefficient Operations and Suboptimal Capital Allocation

Estimates a Sale to a Strategic Acquirer Would Yield Approximately $64 Per Share for Shareholders, Likely Representing the Best Risk-Adjusted Path Forward

Engine Capital LP, which owns approximately 2.5% of Parkland Corporation’s (TSX: PKI) outstanding shares, today sent the above letter to members of Parkland Corporation’s Board of Directors.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20240417606865/en/

About Engine Capital

Engine Capital LP is a value-oriented special situations fund that invests both actively and passively in companies undergoing change.

Contacts

Data & News supplied by www.cloudquote.io
Stock quotes supplied by Barchart
Quotes delayed at least 20 minutes.
By accessing this page, you agree to the following
Privacy Policy and Terms and Conditions.
 
 
Copyright © 2010-2020 SanRafael.com & California Media Partners, LLC. All rights reserved.