Parkland Corporation to be Acquired by Sunoco LP

Sunoco announced it will acquire Parkland Corporation in a transaction valued at approximately $9.1 billion USD, including assumed debt. Parkland shareholders will receive C$19.80 in cash and 0.295 units of a newly formed SUNCorp entity per Parkland share, or can opt for C$44.00 in cash or 0.536 SUNCorp units per share, subject to proration. The combined company is expected to achieve over $250 million in annual run-rate synergies within three years and be immediately accretive to distributable cash flow per unit. Sunoco plans to maintain Parkland’s headquarters in Calgary, preserve significant employment levels in Canada, and continue investing in the Burnaby Refinery to support low-carbon fuel production. The acquisition positions the combined entity as the largest independent fuel distributor in the Americas, with an expanded footprint across Canada, the U.S., and the Caribbean.

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