💨 Abstract

Sunoco is purchasing Canada's Parkland gas station and convenience store chain for approximately $9.1 billion in a cash-and-stock deal. This expansion increases Sunoco's presence in Canada. Parkland shareholders will receive a combination of SunCorp units and cash, with the option to choose one over the other. The deal includes debt assumption, and both companies will maintain their headquarters.

Courtesy: wtop.com

Summarized by Einstein Beta 🤖