Simpson Oil, the biggest shareholder of Parkland Corp, on Friday sent a letter to the board of the Canadian fuel retailer, urging it to immediately start a review of strategic alternatives.
Hedge fund Engine Capital wants Parkland board changes hedgeweek.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from hedgeweek.com Daily Mail and Mail on Sunday newspapers.
Activist investor Engine Capital warned Parkland Corp in a letter on Monday not to pursue wasteful litigation with its shareholders and instead collaborate with the largest of them to appoint.