Story perspectives
Parkland Shareholders Back $9.1B Sunoco Takeover Deal
6/26/2025
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Story summary
- Parkland Corp. shareholders overwhelmingly approved Sunoco LP's US$9.1-billion takeover, concluding a proxy battle with activist investors.
- More than 93% voted in favor during a special meeting.
- Simpson Oil, owning 20% of shares, endorsed the deal for enhanced performance.
- Engine Capital raised concerns about the price and available options.
- Final approval awaits under the Investment Canada Act.
