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Parkland should buy back shares, cut debt, says activist investor that targeted company

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An activist investor that pushed for changes at Parkland Corp. earlier this year wants the company to prioritize share buybacks. Read on.

to the Parkland board on Sept.26, Engine Capital commended the company on the work it has done so far including changes at the board and plans to sell non-core assets.However, Engine Capital says Parkland remains undervalued and wants to see the company take further steps including refining the company’s capital allocation, better align management compensation with shareholders’ interests and simplify its operations.

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Parkland should buy back shares, cut debt, says activist investor that targeted companyAn activist investor that pushed for changes at Parkland Corp. earlier this year wants the company to prioritize share buybacks. Read on.
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