Believes the Board’s Insular Behavior and Dismissive Attitude Towards Engine and Apparent Disagreement with Simpson Oil – Parkland’s Largest Shareholder – Suggest a Focus on Entrenchment and Self-Preservation
Warns the Board Not to Pursue Costly and Wasteful Litigation and Start Working with Shareholders to Appoint Highly Qualified, Independent Directors with Records of Value Creation and Relevant Industry Experience
NEW YORK–(BUSINESS WIRE)–Engine Capital LP, which owns approximately 2.5% of Parkland Corporation’s (TSX: PKI) outstanding shares, today sent the above letter (BOE Report Editor’s Note: Letter available HERE) to members of Parkland Corporation’s Board of Directors.
Contacts
For Investors:
Engine Capital LP
Arnaud Ajdler, 212-321-0048
aajdler@enginecap.com
For Media:
Longacre Square Partners
Charlotte Kiaie / Aaron Rabinovich, 646-386-0091
ckiaie@longacresquare.com / arabinovich@longacresquare.com