Tag: Parkland
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Sunoco Completes Cash-and-Stock Deal to Buy Parkland
Sunoco Finalizes Acquisition of Parkland in a Historic Energy Deal Sunoco LP has closed its long-anticipated acquisition of Parkland Corp., a deal that reshapes North America’s energy landscape. Valued at US$9.1 billion including assumed debt at the time of announcement in May, the cash-and-stock transaction represents a significant move for both companies as they align…
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Sunoco completes cash-and-stock deal to buy Parkland
Sunoco completes multi‑billion takeover of Parkland Sunoco LP has finalized its long‑planned acquisition of Parkland Corp., marking a major consolidation in the North American energy and convenience store sector. The deal, valued at US$9.1 billion when announced and inclusive of assumed debt, closes after months of regulatory scrutiny and market anticipation. The completion signals a…
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Sunoco Completes Cash-and-Stock Deal to Buy Parkland in $9.1B Transaction
Sunoco Closes $9.1 Billion Parkland Acquisition Sunoco LP has completed its long-anticipated acquisition of Parkland Corp., marking a significant consolidation in the North American energy sector. The deal, valued at about US$9.1 billion including assumed debt, was announced in May and officially closed on Friday, with Parkland’s shares set to be delisted from public markets…