Parkland Corporation Announces Completion of Acquisition by Sunoco LP

Core Viewpoint - Sunoco LP has successfully completed the acquisition of Parkland Corporation on October 31, 2025, marking a significant consolidation in the energy infrastructure and fuel distribution sector [1][7]. Group 1: Acquisition Details - Parkland shareholders will receive either C$44.00 in cash, approximately 0.536 SunocoCorp Units, or a combination of C$19.80 in cash and 0.295 SunocoCorp Units for each Parkland share held [5][6]. - The total consideration for the acquisition amounts to approximately C$3.46 billion in cash and 51.52 million SunocoCorp Units [6]. Group 2: Market Impact - Parkland shares are set to be delisted from the Toronto Stock Exchange at the close of markets on November 4, 2025, while SunocoCorp Units will begin trading on the New York Stock Exchange under the ticker symbol "SUNC" on November 6, 2025 [2]. Group 3: Company Overview - Sunoco LP operates as a leading energy infrastructure and fuel distribution master limited partnership, with operations spanning 32 countries and territories, including an extensive pipeline network of approximately 14,000 miles and over 160 terminals [3]. - The partnership distributes over 15 billion gallons of fuel annually to around 11,000 retail locations and commercial customers [3].