Parkland Company Declares Completion Of Acquisition By Sunoco LP

CALGARY, AB, Nov. 3, 2025 /PRNewswire-HISPANIC PR WIRE/ — Parkland Company (TSX: PKI) (“Parkland“) introduced as we speak that Sunoco LP (“Sunoco”) accomplished the acquisition of Parkland on October 31, 2025 (the “Transaction”).

Parkland shares are anticipated to be delisted from the Toronto Inventory Trade as of the shut of markets on Tuesday, November 4, 2025, and, till such time, will proceed to be traded on the Toronto Inventory Trade. The Frequent Models of SunocoCorp LLC (“SunocoCorp”) to be obtained by Parkland shareholders in reference to the Transaction will start buying and selling on the New York Inventory Trade on Thursday, November 6, 2025 beneath the ticker image “SUNC” following the settlement of the Parkland shares and completion of the allocation course of for the SunocoCorp Frequent Models.¹

About Sunoco and SunocoCorp

Sunoco LP (NYSE: SUN) is a number one power infrastructure and gasoline distribution grasp restricted partnership working throughout 32 nations and territories in North America, the Better Caribbean, and Europe. The Partnership’s midstream operations embody an intensive community of roughly 14,000 miles of pipeline and over 160 terminals. This crucial infrastructure enhances the Partnership’s gasoline distribution operations, which distribute over 15 billion gallons yearly to roughly 11,000 Sunoco and partner-branded retail places, in addition to unbiased sellers and industrial prospects. SUN’s common associate is owned by Vitality Switch LP (NYSE: ET).

SunocoCorp (NYSE: SUNC) is a publicly traded restricted legal responsibility firm that owns a direct restricted associate curiosity in Sunoco LP.

SUN and SUNC are headquartered in Dallas, Texas. Extra info is out there at www.sunocolp.com

Ahead-Wanting Statements

This information launch could embody sure statements regarding expectations for the long run which might be forward-looking statements or forward-looking info beneath relevant Canadian securities legal guidelines (collectively, “forward-looking statements”), together with with out limitation statements relating to the delisting of the Parkland shares from the Toronto Inventory Trade and the timing for the graduation of buying and selling of the SunocoCorp Frequent Models on the New York Inventory Trade. Ahead-looking statements usually deal with future enterprise and monetary occasions, circumstances, expectations, plans or ambitions, and sometimes embody, however are usually not restricted to, phrases comparable to “imagine,” “anticipate,” “could,” “will,” “ought to,” “may,” “would,” “anticipate,” “estimate,” “intend,” “plan,” “search,” “see,” “goal” or related expressions, or variations or negatives of those phrases, however not all forward-looking statements embody such phrases. Ahead-looking statements are based mostly upon present plans, estimates, expectations and ambitions and are topic to quite a lot of recognized and unknown dangers, uncertainties, assumptions and different components which might be troublesome to foretell, a lot of that are past administration’s management and that might trigger precise outcomes to vary materially from these expressed in such forward-looking statements, together with components related to the timing for the completion of the de-listing course of and the settlement procedures and allocation course of for the supply of SunocoCorp Frequent Models. These dangers, in addition to different dangers related to Parkland are mentioned in Parkland’s annual info for the yr ended December 31, 2024 and different paperwork filed once in a while by Parkland with Canadian securities regulatory authorities. Parkland doesn’t undertake any obligation to replace or revise any forward-looking assertion to mirror new info or occasions, except required by legislation.

Contacts


Buyers:
Scott Grischow, Treasurer, Senior Vice President – Finance
(214) 840-5660, [email protected]

¹ Sunoco not directly acquired, by means of its wholly owned subsidiary 2709716 Alberta ULC (the “Purchaser”), all the issued and excellent Parkland shares. Instantly earlier than the efficient time, Sunoco didn’t personal any Parkland shares. Every Parkland shareholder instantly earlier than the efficient time will obtain, for every Parkland share held: (i) C$44.00 in money, (ii) roughly 0.536 widespread items representing restricted legal responsibility firm pursuits in SunocoCorp (“SunocoCorp Models”), or (iii) C$19.80 in money and 0.295 SunocoCorp Models, topic to elections, proration, most quantities and changes in accordance with the plan of association, particulars of which can be discovered within the administration info round and proxy assertion of Parkland dated Could 26, 2025, leading to complete consideration of roughly C$3,457,770,643.42 in money and 51,517,198 SunocoCorp Models. An early warning report will likely be filed beneath Parkland’s SEDAR+ profile at www.sedarplus.ca. To acquire a duplicate, please contact Sunoco LP, 8111 Westchester Drive, Suite 400 Dallas, TX 75225, United States, Attn: Scott Grischow, Treasurer, Senior Vice President – Finance, Tel: (214) 840-5660. The Purchaser’s deal with is 4200 Bankers Corridor West, 888 – third Road S.W., Calgary, Alberta T2P 5C5, Canada. Parkland’s head workplace is situated at Suite 1800, 240 4th Avenue SW, Calgary, Alberta T2P 4H4, Canada.