Sunoco's acquisition of Parkland receives Canadian government approval under Investment Canada Act

Sunoco LP

Government of Canada approved the Transaction under the Investment Canada Act on October 14, 2025.
Transaction to acquire all outstanding common shares of Parkland; expected to close in Q4 2025.
Closing remains subject to remaining regulatory approvals and satisfaction or waiver of customary conditions.
Conditions include NYSE listing of SunocoCorp units issued as consideration and other customary closing conditions.
Approval is a key milestone; the Arrangement Agreement was originally signed on May 4, 2025.

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