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Bullboard - Stock Discussion Forum Superior Plus Corp T.SPB

Alternate Symbol(s):  SUUIF

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... see more

TSX:SPB - Post Discussion

Superior Plus Corp > Marquard & Bahls AG Announces its Holdings in Superior Plus
View:
Post by SwissBanker96 on Jun 17, 2021 5:18am

Marquard & Bahls AG Announces its Holdings in Superior Plus

HAMBURG, GermanyJune 16, 2021 /CNW/ - Marquard & Bahls AG ("M&B") announced today that it has, in a transaction that occurred on June 16, 2021, acquired ownership and control of 100,200 common shares of Superior Plus Corp. (the "Company") via purchases through the facilities of The Toronto Stock Exchange or other Canadian equity marketplaces, representing 0.06% of the issued and outstanding common shares, at an average price of Cdn.$15.47 per share. Immediately before the acquisition, M&B owned and controlled 31,587,304 common shares of the Company, representing 17.94% of the issued and outstanding common shares. Immediately after the acquisition, M&B owns and controls 31,687,504 common shares of the Company, representing 18.00% of the issued and outstanding common shares.

The Company's head office is located at 401-200 Wellington Street West, Toronto, Ontario Canada M5V 3C7. M&B's head office is located at Koreastrasse 7 - D-20457, Hamburg, Germany.

M&B acquired the common shares for investment purposes and may, depending on market and other conditions, increase or decrease its ownership, control or direction over common shares of the Company through market transactions, private agreements, treasury issuances, exercise of options, convertible securities or otherwise.

 

About Marquard & Bahls AG

Marquard & Bahls AG is an agile, independent holding company in the energy & chemical sector. Its core lines of business include tank storage logistics and energy trading. Marquard & Bahls has a presence in 29 countries in Europe, America, Asia and Africa and employs around 4,300 people.

Caution concerning forward-looking statements

Certain statements contained in this report may constitute forward-looking information within the meaning of applicable securities laws ("forward-looking statements"), including statements concerning its plans and future intentions. Forward-looking statements involve known and unknown risks, uncertainties and other factors and are subject to change.

SOURCE Marquard & Bahls AG

Comment by mikewale on Jun 17, 2021 7:21am
just a matter of time...buy on the dips and sit back......
Comment by mo1975 on Jun 18, 2021 8:54am
mikewale..... your really think that someone is going to buy this canadian icon company..?? founded in 1996......at 12.60 sp  high of 32.00  in jul 2005.... and low of 5.79 in dec 2011 never missed a dividend payment....from time to time offered drip program....and now is  heavily invested in the US with all the tuck ins made in the last 10 years... while selling its lumber and ...more  
Comment by mikewale on Jun 20, 2021 10:17am
Hi mo1975, anything is possible, before i joined this website I held Shaw for years..j...paid the dividend and then one day pop....bought by Rogers....with SPB I will sit on this and buy more on dips as I did Friday at 14.97 and move forward.....again pays me dividend and I suspect it will get taiken out. I am 56 and I have been investing sicne I was 14 and to be honest I enjoy doing it ...more  
Comment by mo1975 on Jun 21, 2021 9:11am
you cannot go wrong with superior if you are looking for longterm... i lhave invested in spb since 2008 (1000 SHARES) and i am dripping ever since... I earmark these stocks for the granddaughters and they are only 8 and 4  .... funny you mentioned shaw.... got a nice payout on my wife tfsa  with NOU.... turn some of it into Shaw   at 22.20  one week before they annouced ...more  
Comment by mikewale on Jun 22, 2021 6:29pm
Hi mo1975, I hold some ETF's as well, couple banks and Capital Power and Emera. I have actually been buying some Home Capital Group as when the banks are allowed to buy back shares and increazse dividends the CEO was on BNN and he stated that they will be reinstating divididend and buying back shares.
Comment by Konaboy on Jun 21, 2021 10:06am
M&B has been building this position methodically for some time, but don't forget the convertible position that Brookfield more recently bought into.  These two players cannot be in the game as partners ... after IPL settles (one way or the other) ??
Comment by davidan31 on Jun 21, 2021 10:59am
Offer rejected
Comment by davidan31 on Jun 21, 2021 11:01am
Ipl is going with pembina
Comment by Konaboy on Jul 26, 2021 11:34am
Alas, PPL is sticking to its limits. On to the next one, on to the next one ...
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