CALGARY — The internal strife at fuel retailer Parkland Corp.continues as the Calgary-based company rejected a call by its largest shareholder to consider a potential sale of the business.
It’s the latest development in Parkland’s months-long dispute with Simpson Oil, which owns about 20 per cent of Parkland shares but no longer has a seat on the fuel retailer’s board after the resignation of two Simpson-nominated directors in December.
Simpson did not provide a reason for the resignations at the time, but last week sent a letter to Parkland’s board calling on it to immediately “commence a review of strategic alternatives, including a potential transition of the company to
→ Continue reading at BIV