The Sunoco LP US Energy Company has signed an agreement to buy Parkland Corp. In exchange for money in exchange for $ 9.1 million in revenue, they were gained debt.
Treatment of Calgary-based parks Simpson Oil Ltd. replaces its largest shareholder, its Directorate General.
Parkland rejected the annual meeting on Tuesday and until June 24, shareholders will be asked to accept the Sunoco Agreement.
Parkland’s executive president Michael Jennings said it is a compelling result of shareholders.
“The Board is unanimously recommended the proposed transaction, Sunoco to care for Canadian jobs, to maintain the Calgary Head office and invest in Canada,” Jennings said in a statement.
“This collaboration creates important economic benefits for shareholders and combined companies would be the largest distributor of independent American fuels”.
Simpson-based Simpson Islands are based on the refinery of fuel and retail performance and government for about 1 year.
Simpson has less than 20% of Partsko shares and his management aims to add to the Parkland Commission at a meeting of shareholders, which has been delayed.
Under the pressure of shareholders, Parkland said March was reviewed in March to improve the price of its shares, including the sales of the entire company. Monthly, for a long time, Parkland CEO Bob Espey announced intentions for the end of the year.
As part of the agreement, Sunoco intends to form a new public company called SunCorp LLC. Sunoco will have limited units of economically equivalent economically equivalent units traded units.
Parkland shareholders will receive 0.295 SUNCORP units and $ 19.80 per CDN participant. Parkland shareholders may also choose to receive a $ 44 CDN $ 44 CDN fee per participant, each park, which undergo limitations.
Parkland shares enclosed $ 36.28 CDN on Friday on the Toronto Stock Exchange.
In addition to the approval of shareholders and courts, agreement depends on the admissions of regulators, including acceptance according to the Canadian investment law. Sunoco is committed to maintaining Canadian Canadian Canada in Canada.
In Burnaby, BC, Burnaby, is committed to continuing to invest in BC, BC
2025-05-05 13:04:00
