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 Jul 03, 2022 7:53pm

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Post# 34798337

RE:RE:RE:RE:RE:Marquard keeps adding

The rules are quite clear: unless the foreign entity by owning MORE than 33% of the voting shares GAINS NO CONTROL of a Canadian company, they can hold up to that many VOTING shares.
Another wrinkle is, they can hold up to 40% IF another(canadian) entiry holds the remaining 60%,
and thus they, and not the foreign entity have a CONTROLLING INTEREST.

I am sure M&B's lawyers are fully aware of this.

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