Superior Plus Corp T.SPB

Alternate Symbol(s): SUUIF

Utilities Utilities - Regulated Gas

Superior Plus Corp. is a Canada-based distributor of propane, compressed natural gas, renewable energy and related products and services. Through its primary businesses, propane distribution and CNG, RNG and hydrogen distribution, it delivers clean burning fuels to residential, commercial, utility, agricultural and industrial customers. Its segments include U.S. Retail Propane Distribution (U.S. Propane), Canadian Retail Propane Distribution (Canadian Propane), North American Wholesale Propane Distribution (Wholesale Propane) and Certarus Ltd. (Certarus). The U.S. Propane segment distributes propane gas and liquid fuels primarily in the Eastern United States and California, as well as the Midwest to residential and commercial customers. The Canadian Propane segment distributes propane gas and liquid fuels across Canada to residential and commercial customers. The Wholesale Propane segment distributes propane gas and other natural gas liquids across Canada and the United States.

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Superior Plus Corp > Marquard keeps adding

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Comment by bttmfischeron Jun 28, 2022 11:25am

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Post# 34787630

RE:RE:RE:Marquard keeps adding

Marquard&Bahls issued a news release on June 16, 2021, saying that they acquired about 18% of Superior Plus' shares. Since that time they were quite active in buying SPB shares as the price was
quite attractive. I think that by now they must have over 20% of Superior Plus.
Since the taxes on investment income are lower in Europe than in Canada, it is highly unlikely that they are buying SPB for the dividend. The law on the books permits them to hold up to 1/3 of the VOTING SHARES.
Question is, what end do they have in mind for doing all this buying?

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