Sunoco agrees to acquire Parkland Corporation for CAD$19.80 cash + 0.295 SUNCorp units per share

Sunoco LP

Per Parkland share: CAD$19.80 cash + 0.295 SUNCorp units; alternative all-cash or all-stock options subject to proration.
Commitment letters for $7.55B debt financing from Barclays and RBC to fund cash consideration and refinancings.
Mutual termination fees of CAD$275 million payable under specified circumstances, including superior proposal or regulatory delay.
Voting agreements with Parkland directors and senior officers to vote in favor of the arrangement; dissent rights limited.
SUNCorp units to list on NYSE; closing target Feb 4, 2026 subject to approvals.

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