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

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.

National Post ePaper, an electronic replica of the print edition to view on any device, share and comment on.Subscribe now to read the latest news in your city and across Canada.Daily content from Financial Times, the world's leading global business publication. Unlimited online access to read articles from Financial Post, National Post and 15 news sites across Canada with one account.

National Post ePaper, an electronic replica of the print edition to view on any device, share and comment on.Create an account or sign in to continue with your reading experience.Share your thoughts and join the conversation in the comments.Don't have an account?

United States United States Latest News, United States United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

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.
Source: fpinvesting - 🏆 43. / 63 Read more »