U.S. company Sunoco signs deal to buy Parkland in agreement valued at US$9.1B
- Sunoco will acquire Canada-based Parkland in a deal worth approximately $9.1 billion, including debt, to create the largest independent fuel distributor in the Americas.
- Parkland shareholders will receive C$19.80 in cash and 0.295 Sunoco units for each Parkland share held.
- The transaction is expected to generate over $250 million in synergies by the third year, according to Sunoco.
- Parkland may owe a $275 million breakup fee under certain circumstances if the deal doesn't close.
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59 Articles

Dissident to fight board vote delay in court after Parkland, Sunoco sign US$9.1B deal
CALGARY — Parkland Corp.'s biggest shareholder is going to court after the company announced a US$9.1-billion takeover by Sunoco LP and delayed a meeting where it was to face investors pushing for a boardroom overhaul.
Sunoco Continues Spending Spree With $9.1 Billion Parkland Acquisition
Sunoco LP (NYSE: SUN) is bulking up again—this time north of the border. The Dallas-based fuel distributor announced Monday it will acquire Parkland Corporation (TSX: PKI) in a $9.1 billion cash-and-stock deal, including assumed debt. The move expands Sunoco’s footprint deep into Canada and the Caribbean, while consolidating its position in North American fuel supply and distribution. As part of the deal, Sunoco will spin up a new Delaware-based…
Sunoco to buy Canadian company for more than $9 billion
Dallas-based Sunoco plans to buy Parkland Corp., a Canadian energy and retail company, for cash and equity in a deal valued at about $9.1 billion. Sunoco says the deal would boost its cash flow to help with reinvestment while diversifying its portfolio and geographic footprint.

Sunoco buys Canadian gas and convenience store chain Parkland for about $9.1 billion
Sunoco is buying Canada’s gas station and convenience store chain Parkland in a cash-and-stock deal valued at approximately $9.1 billion, expanding its footprint north of the border.
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