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Parkland Corporation Announces Election Deadline for the Sunoco Arrangement
Prnewswire· 2025-10-08 11:55
Core Viewpoint - Parkland Corporation has announced the deadline for registered holders of its common shares to make elections regarding the consideration receivable from the Sunoco Arrangement, set for October 17, 2025 [1]. Group 1: Election Process - The Election Deadline for shareholders to make their elections is 5:00 P.M. Calgary time on October 17, 2025 [1]. - Registered shareholders received a letter of transmittal and election form on September 11, 2025, which provides complete instructions [2]. - Beneficial shareholders must contact their intermediaries for instructions, as they should not use the letter of transmittal [3]. Group 2: Sunoco Arrangement - The Sunoco Arrangement is expected to close in the fourth quarter of 2025, pending regulatory approvals and customary closing conditions [4]. - Parkland entered into an arrangement agreement with Sunoco LP and related entities on May 5, 2025, for a cash and equity transaction to acquire all issued and outstanding Company Shares [5]. Group 3: Company Overview - Parkland Corporation is a leading international fuel distributor and convenience retailer operating in 26 countries across the Americas [6]. - The company has approximately 4,000 retail and commercial locations and offers a range of services, including renewable fuels and ultra-fast EV charging [6].
SUN PRINCESS NAMED #1 MEGA CRUISE SHIP IN 2025 CONDÉ NAST TRAVELER READERS' CHOICE AWARDS FOR SECOND CONSECUTIVE YEAR
Prnewswire· 2025-10-07 14:00
Core Insights - Sun Princess has been recognized as the 1 Mega Cruise Ship in the 2025 Condé Nast Traveler Readers' Choice Awards, marking its second consecutive year of receiving this honor, highlighting its exceptional service and innovative design [1][2] - The ship, launched in 2024, is the first of the Sphere-Class vessels, featuring a capacity of 4,300 guests and a weight of 177,882 tons, setting a new standard in the cruise industry [1][3] Company Highlights - Gus Antorcha, President of Princess Cruises, emphasized the award as a testament to the ship's next-generation design and the dedication of the crew, which enhances guest experiences [2] - The Readers' Choice Awards are a respected recognition program in the travel industry, with hundreds of thousands of votes cast annually by readers [2] Ship Features - Sun Princess offers unique features such as The Dome, a multi-level entertainment space, and Spellbound by Magic Castle, an immersive speakeasy experience [3] - The ship includes over 1,500 balcony staterooms and suites designed for comfort, featuring the exclusive Sanctuary Collection, which provides a private escape at sea [4] Entertainment and Dining - Standout venues on the ship include The Princess Arena, the most technologically advanced theater, and The Piazza, known for its dramatic architecture and ocean views [5] - Guests can enjoy 30 dining and bar venues, featuring high-end ingredients and a selection of premium liquors, including the Love Line Premium Liquors Collection [3][4] Future Developments - Princess Cruises plans to expand its fleet with the introduction of Star Princess, which recently set sail on its maiden voyage, further enhancing the guest experience [5][9]
Stardust Solar Reaches 100 Franchises Globally, Milestone Marked with 3 New Territories
Newsfile· 2025-10-07 12:30
Core Insights - Stardust Solar Energy Inc. has reached a significant milestone of 100 franchises globally, with new additions in Durham, Ontario; Kitchener, Ontario; and New London, Connecticut in September 2025, indicating strong demand for its clean-energy solutions [1][8] Company Expansion - The new franchises enhance Stardust's coverage in the Greater Toronto Area and New England, with a focus on quality execution and customer experience [2][8] - The Durham territory will be led by an experienced Master Electrician, improving service responsiveness and crew capacity [2] Operational Strategy - Stardust follows a structured operational cadence, signing new territories in Q4, training in Q1, and executing installations primarily in Q2 and Q3, while maintaining year-round activities [3] Financial Performance - In August 2025, the company secured approximately $1 million in new customer contracts, raising its total signed contract backlog to about $3.5 million as of September 1, 2025, which includes residential and small-commercial solar-PV and battery-storage contracts [4]
Sunoco LP Announces Commencement of Private Exchange Offers and Consent Solicitations for Outstanding Notes of Parkland Corporation
Prnewswire· 2025-10-06 12:24
DALLAS , Oct. 6, 2025 /PRNewswire/ -- Sunoco LP (NYSE: SUN) ("Sunoco") today announced the commencement of private offers by Sunoco to all Eligible Holders (as defined below) to exchange (each an "Exchange Offer" and collectively, the "Exchange Offers") Canadian dollar denominated notes (collectively, the "PKI CAD Notes") and U.S. dollar denominated notes (collectively, the "PKI USD Notes" and together with the PKI CAD Notes, the "PKI Notes") previously issued by Parkland Corporation ("Parkland") listed in ...
Recent Canadian Policy Developments and Forecasted $200B Clean-Power Investment Support Market Conditions for Stardust Solar
Newsfile· 2025-09-29 12:30
Core Insights - The recent forecasts for clean-power additions and the relaunch of the Canada Greener Homes Affordability Program (CGHAP) indicate a sustained demand for residential and small-commercial solar across Canada [1][2] - The Canadian Renewable Energy Association projects over $200 billion in investment for clean power by 2035, primarily driven by rising electricity demand, with wind and solar expected to dominate new generating capacity [2] - Stardust Solar is well-positioned to benefit from these developments due to its installation network and accredited training programs [3] Industry Developments - The CGHAP has been relaunched with a direct-install model that eliminates upfront costs for low- and median-income households, with the first implementation agreement in Manitoba involving $29.8 million in federal funding [2] - Market conditions in Canada are favorable for solar and energy-efficient retrofit solutions, supported by increasing clean energy procurement pipelines and rising electricity demand [4] Company Positioning - Stardust Solar, as a licensed provider of solar PV installations and renewable energy training, is aligned with the local delivery model of CGHAP, enhancing its ability to meet growing demand [3] - The company plans to expand its reach in high-potential provinces, focusing on increasing installations of residential retrofits and distributed solar and storage projects [4] - Stardust Solar operates as a North American franchisor of renewable energy installation services, providing comprehensive support to its franchisees [5]
Parkland Corporation and Sunoco LP Announce Expiration of Hart-Scott-Rodino Act Waiting Period
Prnewswire· 2025-09-22 12:03
Core Viewpoint - Parkland Corporation and Sunoco LP announced the expiration of the waiting period under the Hart-Scott-Rodino Antitrust Improvements Act, a significant regulatory approval for Sunoco's acquisition of Parkland, expected to close in Q4 2025, pending other regulatory approvals and customary closing conditions [1][2]. Group 1: Company Overview - Parkland Corporation is a leading international fuel distributor and convenience retailer operating in 26 countries across the Americas, with approximately 4,000 retail and commercial locations [3]. - The company focuses on providing essential fuels and renewable energy solutions, including ultra-fast EV charging and carbon credit options, aiming to lower environmental impact [3]. - Parkland's strategy is built on two pillars: Customer Advantage, which emphasizes brand differentiation and customer loyalty, and Supply Advantage, which aims for the lowest cost to serve in challenging markets [4]. Group 2: Sunoco LP Overview - Sunoco LP operates as a master limited partnership in energy infrastructure and fuel distribution across over 40 U.S. states, Puerto Rico, Europe, and Mexico, with a network of approximately 14,000 miles of pipeline and over 100 terminals [5]. - The partnership serves around 7,400 branded locations and additional independent dealers and commercial customers, supported by its extensive midstream operations [5].
Sunoco LP and Parkland Corporation Announce Expiration of Hart-Scott-Rodino Act Waiting Period
Prnewswire· 2025-09-22 12:00
Core Viewpoint - Sunoco LP is progressing towards the acquisition of Parkland Corporation, with the expiration of the waiting period under the Hart-Scott-Rodino Antitrust Improvements Act being a significant regulatory milestone for the transaction, which is anticipated to close in Q4 2025, pending other regulatory approvals and customary closing conditions [1][2]. Company Overview Sunoco LP - Sunoco LP operates as a leading energy infrastructure and fuel distribution master limited partnership across over 40 U.S. states, Puerto Rico, Europe, and Mexico, featuring approximately 14,000 miles of pipeline and over 100 terminals [3]. - The partnership serves around 7,400 branded locations and additional independent dealers and commercial customers, with its general partner owned by Energy Transfer LP [3]. Parkland Corporation - Parkland is recognized as a prominent international fuel distributor and convenience retailer, operating in 26 countries across the Americas, with a retail network that caters to everyday consumer needs [4]. - The company emphasizes environmental sustainability by offering renewable fuels, ultra-fast EV charging, and various solutions for carbon credits and solar power, with around 4,000 retail and commercial locations in Canada, the U.S., and the Caribbean [4][5]. Strategic Focus Parkland's Strategy - Parkland's strategy is built on two main pillars: Customer Advantage and Supply Advantage, aiming to be the preferred choice for customers through competitive pricing, reliable service, and a strong loyalty program [5]. - The Supply Advantage focuses on achieving the lowest cost to serve in challenging markets, leveraging well-positioned assets and significant scale to enhance business performance [5].
Vitol, Sunoco take first gasoline cargo from Nigeria's Dangote to the US, sources say
Reuters· 2025-09-15 22:08
Group 1 - The first U.S. import of gasoline from Nigeria's new Dangote refinery was delivered to top global oil trader Vitol and North American fuel distributor Sunoco [1]
I Own The Gas Pump With Up To 10% Yields
Seeking Alpha· 2025-09-13 14:30
Group 1 - The article promotes a portfolio strategy that generates income without the need for selling assets, aiming to simplify retirement investing [1] - It emphasizes a community-oriented approach to investing, encouraging collaboration and education among investors [2] - The service offers features such as model portfolios, buy/sell alerts, and regular market updates to assist investors [2] Group 2 - The article mentions that the contributors to the service closely monitor their positions and provide exclusive buy and sell alerts to members [4] - It highlights the importance of community and support in the investment process, suggesting that no one should invest alone [2]
Parkland Corporation Announces the Mailing of a Letter of Transmittal in Connection with the Sunoco Arrangement
Prnewswire· 2025-09-11 11:55
Core Viewpoint - Parkland Corporation has initiated the process for shareholders to elect their preferred form of consideration in connection with the Sunoco Arrangement, which involves a cash and equity transaction for the acquisition of all issued and outstanding Company Shares [1][10]. Group 1: Shareholder Communication - A Letter of Transmittal has been mailed to registered holders of common shares, detailing the necessary documentation and information required to obtain their entitled consideration under the Sunoco Arrangement [2]. - Registered shareholders must follow the instructions in the Letter of Transmittal to ensure proper submission to Computershare Investor Services Inc., the depositary for the Sunoco Arrangement [2][3]. Group 2: Election Options - Shareholders can choose from three options for their consideration in exchange for each Company Share: 1. C$44.00 in cash (Cash Elected Consideration) 2. Approximately 0.536 SunocoCorp Units (Unit Elected Consideration) 3. A combination of cash and units, subject to proration and adjustments (Combination Elected Consideration) [4][7]. - Failure to submit a properly completed Letter of Transmittal by the Election Deadline will result in shareholders being deemed to have elected the Combination Elected Consideration [4]. Group 3: Election Deadline - The Election Deadline has not yet been determined, but Parkland will announce it prior to the closing date of the Sunoco Arrangement [5]. Group 4: Company Overview - Parkland Corporation is a leading international fuel distributor and convenience retailer, operating in 26 countries across the Americas, with approximately 4,000 retail and commercial locations [6]. - The company focuses on providing essential fuels while also offering renewable fuel options, ultra-fast EV charging, and solutions for carbon credits and solar power [6].