CALGARY – Sunoco LP has completed its acquisition of Parkland Corp.
The companies say the cash-and-stock deal, valued at US$9.1 billion including assumed debt when it was announced in May, closed on Friday.
Parkland shares are expected to be delisted from the Toronto Stock Exchange as of the close of markets on Tuesday.
The common units of SunocoCorp LLC to be received by Parkland shareholders in connection with the deal will begin trading on the New York Stock Exchange on Thursday, under the ticker symbol SUNC.
Parkland owns the Ultramar, Chevron and Pioneer gas station chains as well as several other brands in 26 countries.
It also runs a refinery in Burnaby, B.C., which supplies nearly one-third of the region’s domestically supplied gasoline and jet fuel.
This report by The Canadian Press was first published Nov. 3, 2025.
Companies in this story: (TSX:PKI)
