BUZZ-Sunoco to buy Parkland for $9.1 billion; shares fall

Reuters
05 May
BUZZ-Sunoco to buy Parkland for $9.1 billion; shares fall

** Shares of motor fuels distributor Sunoco SUN.N falls 3.4% to $55.97 premarket

** Company says it will acquire Canada-based Parkland PKI.TO for $9.1 billion, including debt

** SUN says Parkland shareholders will receive C$19.80 in cash and 0.295 Sunoco units for each Parkland share

** Deal is expected to close in the second half of 2025

** As of last close, shares are up 12.64% YTD

(Reporting by Katha Kalia in Bengaluru)

((Katha.Kalia@thomsonreuters.com))

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Most Discussed

  1. 1
     
     
     
     
  2. 2
     
     
     
     
  3. 3
     
     
     
     
  4. 4
     
     
     
     
  5. 5
     
     
     
     
  6. 6
     
     
     
     
  7. 7
     
     
     
     
  8. 8
     
     
     
     
  9. 9
     
     
     
     
  10. 10