Parkland Corporation Announces Completion of Acquisition by Sunoco LP

Executive Summary

• Sunoco LP completed its acquisition of Parkland Corporation on October 31, 2025.
• Parkland shares will be delisted from the Toronto Stock Exchange on November 4, 2025; SunocoCorp Common Units will begin trading on NYSE under “SUNC” on November 6, 2025.
• Total consideration to Parkland shareholders amounts to approximately C$3.46 billion in cash and 51.5 million SunocoCorp Units.

Key Details

• Transaction Completion: Sunoco LP (“Sunoco”) finalized the acquisition of all issued and outstanding Parkland shares on October 31, 2025.
• Delisting & Trading:
• Parkland’s TSX ticker “PKI” will be delisted after market close on Tuesday, November 4, 2025.
• SunocoCorp LLC Common Units received by former Parkland shareholders will commence NYSE trading on Thursday, November 6, 2025 under the symbol “SUNC”.
• Consideration Structure (per Parkland share): Shareholders may elect one of three options:
  1. C$44.00 cash only.
  2. Approximately 0.536 SunocoCorp Units (no cash).
  3. C$19.80 cash plus 0.295 SunocoCorp Units.
• Aggregate Consideration: Approximate total of C$3,457,770,643.42 in cash and 51,517,198 SunocoCorp Units issued to Parkland shareholders.
• Acquisition Vehicle: Sunoco acquired Parkland indirectly through its wholly‑owned subsidiary 2709716 Alberta ULC (“Purchaser”). Prior to the transaction, Sunoco held no Parkland shares.
• Regulatory Filings: An early warning report will be filed on SEDAR+; management information circular and proxy statement dated May 26, 2025 contain detailed election mechanics and adjustments.
• Corporate Addresses:
• Purchaser: 4200 Bankers Hall West, 888 – 3rd Street S.W., Calgary, AB T2P 5C5, Canada.
• Parkland head office: Suite 1800, 240 4th Avenue SW, Calgary, AB T2P 4H4, Canada.

Notable Quotes

No direct quotes were included in the release.