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Canada Government Approves Sunoco's Proposed Takeover By Parkland

Author: Benzinga Newsdesk | October 14, 2025 07:16am

DALLAS, Oct. 14, 2025 /PRNewswire/ -- Sunoco LP (NYSE:SUN) ("Sunoco" or the "Partnership") and Parkland Corporation (TSX:PKI) ("Parkland") today announced that the Government of Canada has approved the previously announced proposed acquisition of Parkland by Sunoco (the "Transaction"), in accordance with the terms of the Investment Canada Act.

The Transaction is expected to close in the fourth quarter of 2025, subject to obtaining certain remaining regulatory approvals and the satisfaction or waiver of customary closing conditions.

Posted In: SUN TSX:PKI


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