11:50 AM EST - Parkland Fuel Corporation : announced that it has entered into a definitive agreement to acquire all outstanding shares of North Dakota's SPF Energy Inc, the parent company of Farstad Oil Inc. and Superpumper Inc. Subject to satisfaction of closing conditions, the outstanding shares of SPF will be purchased for approximately $110 million consisting of approximately $89 million cash and approximately $21 million in common shares of Parkland. Parkland intends to leverage its strong balance sheet position to fund the majority of the transaction. Parkland Fuel Corporation
shares T.PKI are trading UP $0.10 at $18.40.
