M&A
confidence high
sentiment positive
materiality 0.90
Sunoco to acquire Parkland in $9.1B cash-and-stock deal; 25% premium, 10%+ accretion expected
Sunoco LP
- Transaction valued at $9.1B including assumed debt; implied 25% premium for Parkland shareholders.
- Consideration: 0.295 SUNCorp units and C$19.80 per share; alternative C$44 cash or 0.536 units, subject to proration.
- $2.65B bridge loan secured; expected close in H2 2025 subject to shareholder and regulatory approvals.
- Deal expected to be 10%+ accretive to distributable cash flow per unit; $250M run-rate synergies by Year 3.
- Sunoco commits to maintaining Canadian HQ in Calgary and continued investment in Parkland's Burnaby refinery.