Parkland Corp T.PKI

strengthens retail convenience network and supply advantage

[Betteryear2]

CALGARY, AB, Nov. 11, 2021 /PRNewswire/ - Parkland Corporation ("Parkland", "we", "our", or "the Company") (TSX:PKI) is pleased to announce that through its wholly-owned U.S. subsidiaries (collectively, "Parkland USA"), it has entered into an agreement to acquire substantially all of the assets of Lynch Oil and certain of its affiliates (collectively, "Lynch"). This acquisition strengthens our growth platform across the Pacific Northwest and complements our existing retail, commercial and wholesale businesses in Idaho.

"This acquisition advances our strategy by strengthening our retail convenience network and supply advantage in a growing market where we already have a significant presence," said Doug Haugh, President of Parkland USA. "We are excited to welcome the Lynch team to Parkland and look forward to growing our customer base and providing them with the quality products and exceptional service they expect."

https://www.prnewswire.com/news-releases/parkland-strengthens-retail-convenience-network-and-supply-advantage-with-acquisition-in-its-growing-pacific-northwest-region-301422662.html

 

[Eastbank]

Not another acquisition already? The ink is barely dry from the most recent announcement a week ago...and the number of PKI shares to be issued for the 10% portion again left unsaid. How much dilution are we talking about here??

[prophetoffacts]

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[Eastbank]

Let’s hope so...they’re spreading themselves pretty thin on balance sheet debt. Dilution is another story! GLTA

[jcw604]

They are only issuing their share of 10% of what they are acquiring, which is probably only 1% of the MC, since what that are acquiring is an entity much smaller than themselves, I presume, since it is always the big guy that acquires the smaller ones. Their bond sales were over subscribed. They probably can use the extra cash for the whole acquisition, but they will stick to their business plan.