CALGARY — Parkland Corp.'s biggest shareholder says it plans to vote in favour of the company's planned takeover by U.S. heavyweight Sunoco LP, while another major investor said it won't support the deal as it stands.

Simpson Oil, which owns almost 20 per cent of Calgary-based Parkland's stock, said Friday that it plans to vote in favour of the cash-and-stock deal valued at US$9.1 billion including debt. The shareholder vote is set for June 24.

"As a long-term shareholder since 2017, Simpson Oil has been an advocate for the significant opportunities available to Parkland with a clear strategic direction overseen by capable leadership free of conflicts and self-interest," Simpson said in a release.

"A combination with Sunoco will allow Parkland to benefit from operating under a first-cla

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