See every side of every news story
Published loading...Updated

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.
Insights by Ground AI
Does this summary seem wrong?

59 Articles

All
Left
18
Center
10
Right
3
Think freely.Subscribe and get full access to Ground NewsSubscriptions start at $9.99/yearSubscribe

Bias Distribution

  • 58% of the sources lean Left
58% Left
Factuality

To view factuality data please Upgrade to Premium

Ownership

To view ownership data please Upgrade to Vantage

Energy News for the United States Oil & Gas Industry | EnergyNow.com broke the news in on Monday, May 5, 2025.
Sources are mostly out of (0)

You have read out of your 5 free daily articles.

Join us as a member to unlock exclusive access to diverse content.