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Sunoco to purchase Parkland for $9.1 bn
May 06, 2025
|Financial Express Lucknow
SUNOCO AGREED TO acquire Parkland for about $9.1 billion, including debt, offering a premium for a Canadian fuel distributor that's in the midst of a leadership upheaval and a fight with its largest shareholder.
Sunoco, one of the biggest US gas station operators, will pay C$44 per Parkland share through a mix of cash and stock in a newly created public company called SUNCorp, according to a statement Monday.
The deal comes as Parkland's largest shareholder, Simpson Oil appeared to be on the verge of gaining control of the Calgary-based company's board. Simpson launched a proxy fight and said Friday it had secured a majority of the shares.
هذه القصة من طبعة May 06, 2025 من Financial Express Lucknow.
اشترك في Magzter GOLD للوصول إلى آلاف القصص المتميزة المنسقة، وأكثر من 9000 مجلة وصحيفة.
هل أنت مشترك بالفعل؟ تسجيل الدخول
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