Parkland Income Fund AGM set for Red Deer on April 28
Parkland Income Fund (TSX: PKI.UN) will hold its annual meeting on April 28 at the Red Deer Lodge. Scheduled to start at 2 p.m., the meeting will also be webcast at http://w.on24.com/r.htm?=141800&s=1&k=6AB2F405B4039A60E6DC0FF93BAEF7F2. Those in attendance will have an opportunity to speak with fund directors, officers and management. Based in Red Deer, Parkland operates retail and wholesale fuels and convenience store businesses under a number of brands and through independent branded dealers. It also transports and sells to commercial and industrial customers a variety of products.
Agrium again pleads case with CF Industries
Fertilizer giant Agrium Inc.’s (TSX:AGU) quest to take over CF Industries Holdings Inc. (NYSE:CF) intensified Thursday, as the chief executive of the Calgary-based firm invited his CF counterpart to meet any time, anywhere to discuss the US$3.8-billion offer. In a letter addressed to CF CEO Stephen Wilson, Agrium’s chief executive said his company is “100 per cent committed” to acquiring the Deerfield, Ill.-based fertilizer maker, and would be willing to raise its cash-and-stock offer if CF demonstrates it is worth more. CF has repeatedly rebuffed Agrium’s overtures, saying the takeover is an attempt to thwart CF’s own hostile pursuit of U.S. rival Terra Industries Inc. (NYSE:TRA). “Agrium’s letter is blatantly inaccurate and does nothing to change the fact that Agrium’s offer is grossly inadequate. Agrium’s rhetoric is not a substitute for a credible offer,” CF stated in response to Thursday’s missive.
