Sunoco LP (NYSE: SUN) and Parkland Corporation (TSX: PKI) have announced that the waiting period under the Hart-Scott-Rodino Antitrust Improvements Act of 1976 (HSR Act) has expired in connection with Sunoco's pending acquisition of Parkland.
Sunoco LP, a leading energy infrastructure and fuel distribution master limited partnership, operates in over 40 U.S. states, Puerto Rico, Europe, and Mexico. The partnership's midstream operations include an extensive network of approximately 14,000 miles of pipeline and over 100 terminals. Sunoco's fuel distribution operations serve approximately 7,400 Sunoco and partner branded locations, as well as additional independent dealers and commercial customers.
Parkland Corporation is a leading international fuel distributor, marketer, and convenience retailer with operations in twenty-six countries across the Americas. Parkland's retail network caters to the fuel and convenience needs of everyday consumers, while its commercial operations provide businesses with fuel to operate and complete projects. Parkland also offers a range of choices to help lower environmental impact, including renewable fuels, ultra-fast EV charging, carbon credit and renewable solutions, and solar power.
The transaction between Sunoco and Parkland is expected to close in the fourth quarter of 2025, subject to obtaining other regulatory approvals and satisfying certain customary closing conditions.
The press release did not provide specific metrics or changes in financial performance since the last period. As a result of these announcements, the company's shares have moved -2.28% on the market, and are now trading at a price of $48.00. For the full picture, make sure to review Sunoco LP's 8-K report.
