A photograph exhibits the signboard of Sunoco gasoline station in Washington DC, United States on June 06, 2023.
Celel Gunes | Anadolu Company | Getty Photos
Sunoco mentioned on Monday it could purchase Canada-based Parkland in a deal valued at about $9.1 billion, together with debt, in a transfer that will create the biggest unbiased gasoline distributor within the Americas.
Underneath the phrases of the settlement, Parkland shareholders will obtain C$19.80 in money and 0.295 Sunoco items for every Parkland share.
The deal is predicted to shut within the second half of 2025
Sunoco, which operates in wholesale gasoline distribution and retail comfort, mentioned the deal is predicted to be instantly accretive and generate greater than $250 million in run-rate synergies by the third yr.