Q: How will Parkland be affected when Simpson takes control of the board?
5i Research Answer:
**edited for morning news***
Sunco offered to buy PKI this morning for $44 per share, a 21% premium. Sunoco was previously interested in the company. We will need look at this further news is only just out. We would hold for now.
We might not see dramatic moves right away, but certainly the possibility of a company sale have increased significantly. We will likely first see some cost-cutting efforts and possibly some small asset sales in an effort to 'clean up' the company and improve margins.