Sunoco to acquire Parkland in billion-dollar deal
Monday, May 5, 2025, 8:21 am
U.S. energy giant Sunoco LP has inked a cash-and-stock agreement valued at US$9.1 billion, including assumed debt, to acquire Calgary-based Parkland Corp. The deal unfolds amid heated boardroom maneuvers and rival shareholder ambitions, adding a dash of corporate drama to North America's energy market.
L’acquisition de l’entreprise canadienne se fera au prix de 9,1 milliards de dollars US.
CALGARY – U.S. energy company Sunoco LP has signed an agreement to buy Parkland Corp. in a cash-and-stock deal valued at US$9.1 billion, including assumed debt. The deal comes as Calgary-based Parkland faces an attempt by Simpson Oil Ltd., its largest shareholder, to replace a majority of its board…
CALGARY — U.S. energy company Sunoco LP has signed an agreement to buy Parkland Corp. in a cash-and-stock deal valued at US$9.1 billion, including assumed debt. The deal comes as Calgary-based Parkland faces an attempt by Simpson Oil Ltd., its largest shareholder, to replace a majority of its board…
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