Financial News
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.
View source version on businesswire.com: https://www.businesswire.com/news/home/20240417606865/en/
Contacts
For Investors:
Engine Capital LP
212-321-0048
info@enginecap.com
For Media:
Longacre Square Partners
Charlotte Kiaie / Bela Kirpalani, 646-386-0091
ckiaie@longacresquare.com / bkirpalani@longacresquare.com
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