Sunoco lp to acquire parkland corporation in transaction valued at $9.1 billion

Dallas , may 5, 2025 /prnewswire/ -- sunoco lp (nyse: sun) ("sunoco" or the "partnership") and parkland corporation (tsx: pki) ("parkland") announced today that the parties have entered into a definitive agreement whereby sunoco will acquire all outstanding shares of parkland in a cash and equity transaction valued at approximately $9.1 billion, including assumed debt.   as part of the transaction, sunoco intends to form a new publicly-traded delaware limited liability company named suncorp, llc ("suncorp").
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