Our Calgary corporate, M&A and securities and Toronto Special Situations teams are acting for Parkland Corporation in connection with the proposed US$9.1 billion acquisition of all outstanding shares of Parkland by Sunoco LP. Parkland shareholders will receive cash and equity pursuant to the proposed transaction, which will be completed by way of a statutory plan of arrangement. 

The definitive agreement was entered during a proxy contest and includes a purchaser option to convert the arrangement transaction into a takeover bid.  

The acquisition unlocks substantial financial value and positions the combined entity as the leading independent fuel distributor across the Americas.

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