Sunoco to acquire Parkland Corporation for $9.1bn.

Sunoco, a US-based partnership specializing in the distribution of motor fuels, operating convenience stores and wholesale fuel supply chains, agreed to acquire Parkland Corporation, a Canada-based fuel and petroleum products company specializing in retail, commercial, and wholesale distribution, for $9.1bn. "This strategic combination is a compelling outcome for Parkland shareholders. The Board unanimously recommends the proposed transaction, recognizing Sunoco’s commitment to safeguarding Canadian jobs, retaining the Calgary head office, and further investing in Canada. This partnership creates significant financial benefits for shareholders and would position the combined company as the largest independent fuel distributor in the Americas," Michael Jennings, Parkland Executive Chairman.