Sunoco LP sets Oct. 31 closing date for Parkland acquisition

Sunoco LP (NYSE: SUN) announced that its acquisition of Parkland Corporation is expected to close on October 31, 2025, subject to customary closing conditions.

The partnership also disclosed that SunocoCorp LLC units issued to Parkland shareholders will begin trading on the New York Stock Exchange under the ticker "SUNC" on November 3, 2025.

Following the transaction's completion, SunocoCorp will hold approximately 27% of Sunoco LP's outstanding common units, calculated as a percentage of Sunoco's publicly-traded common units as of June 30, 2025, plus the new Class D common units to be issued to SunocoCorp.

Sunoco operates energy infrastructure and fuel distribution across more than 40 U.S. states, Puerto Rico, Europe, and Mexico. The company maintains approximately 14,000 miles of pipeline and over 100 terminals, serving about 7,400 Sunoco and partner branded locations. Energy Transfer LP (NYSE: ET) owns Sunoco's general partner.

The information is based on a company press release statement.

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