Parkland Corp. (PKIUF.PK), Monday announced that proxy advisory firms Institutional Shareholder Services Inc. and Glass, Lewis & Co. have recommended shareholders to vote in favor of the proposed arrangement with Texas-based Sunoco LP.
Institutional Shareholder Services stated that the proposed arrangement is the best path forward for shareholders, citing the offer premium, flexible consideration, the absence of competing proposals, support from Parkland's largest shareholder, and the future opportunities for the shareholders.
Meanwhile, Glass Lewis noted that enhanced diversification, scale and optionality of the combined platform, improved capital markets, and advantages of the C-corp holding structure would be beneficial for the shareholders.
In addition to these recommendations, Parkland's Special Committee and Board of Directors also have unanimously recommended shareholders for the favorable vote.
Friday, Parkland's stock closed at $3.42, up 3.32 percent on the OTC Markets.
For comments and feedback contact: editorial@rttnews.com
Business News
May 01, 2026 15:54 ET Central banks dominated the economics news flow this week with almost all major ones announcing their latest policy decisions and many boosted expectations for a rate hike in June. In other news, several countries released the preliminary data for first quarter economic growth. In the U.S., comments by Fed Chair Jerome Powell were also in focus as his term ends this month.