Sunoco LP to Acquire Parkland Corporation by October 31, 2025

By Tamara Parker • Monday, October 27 12:02 • Permanent Link

Sunoco LP (NYSE: SUN) has announced the expected closing date for the acquisition of Parkland Corporation (TSX: PKI) as October 31, 2025, subject to customary closing conditions. Additionally, on November 3, 2025, the common units of SunocoCorp LLC ("SunocoCorp") that will be issued to Parkland shareholders are expected to begin trading on the New York Stock Exchange under the ticker symbol "SUNC."

Upon the closing of the transaction, SunocoCorp will hold an approximate 27% limited partner interest in Sunoco LP's outstanding common units.

Sunoco LP operates in over 40 U.S. states, Puerto Rico, Europe, and Mexico. Its midstream operations include a network of approximately 14,000 miles of pipeline and over 100 terminals. The partnership's fuel distribution operations serve about 7,400 Sunoco and partner-branded locations, as well as independent dealers and commercial customers. Sunoco's general partner is owned by Energy Transfer LP (NYSE: ET). The market has reacted to these announcements by moving the company's shares -0.92% to a price of $53.71. For more information, read the company's full 8-K submission here.

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