HOUSTON, TEXAS (By Isaac Silvestre, Energy Analytics Institute, 3.Nov.2025, Words: 251) — Parkland Corporation announced that Sunoco LP completed the acquisition of Parkland on 31 Oct. 2025.
Parkland shares are expected to be delisted from the Toronto Stock Exchange as of the close of markets on 4 Nov. 2025, and, until such time, will continue to be traded on the Toronto Stock Exchange. The common units of SunocoCorp LLC to be received by Parkland shareholders in connection with the Transaction will begin trading on the New York Stock Exchange on 6 Nov. 2025 under the ticker symbol “SUNC” following the settlement of the Parkland shares and completion of the allocation process for the SunocoCorp common units.
Details around SunocoCorp common units
Sunoco indirectly acquired, through its wholly owned subsidiary 2709716 Alberta ULC, all of the issued and outstanding Parkland shares. Immediately before the effective time, Sunoco did not own any Parkland shares.
Each Parkland shareholder immediately before the effective time will receive, for each Parkland share held:
(i) C$44.00 in cash,
(ii) approximately 0.536 common units representing limited liability company interests in SunocoCorp, or
(iii) C$19.80 in cash and 0.295 SunocoCorp units, subject to elections, proration, maximum amounts and adjustments in accordance with the plan of arrangement, details of which may be found in the management information circular and proxy statement of Parkland dated 26 May 2025, resulting in total consideration of approximately C$3,457,770,643.42 in cash and 51,517,198 SunocoCorp units.
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By Isaac Silvestre reporting from Houston. © 2025 Energy Analytics Institute (EAI). All Rights Reserved.
