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Teachers and Petro Canada heat up

The Ontario Teachers' Pension Plan is escalating a shareholder campaign to restructure Petro-Canada that could eventually lead to a change in control at the board level.


Ontario's largest pension is about to submit documents to the U.S. Securities and Exchange Commission revealing that it has become an activist investor in Petro Canada, according to sources.

PetroCan CEO Ron Brenneman attempts to stay the course even after many attempts by shareholders to cause a stir at the Board level.

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