Parkland Corporation Announces Election Deadline for the Sunoco Arrangement
Parkland (TSX:PKI) set the election deadline for the Sunoco arrangement at 5:00 P.M. (Calgary time) on October 17, 2025. Registered shareholders must use the letter of transmittal and election form mailed September 11, 2025; beneficial holders should contact their intermediary because intermediaries may impose earlier deadlines.
The Sunoco Arrangement (with Sunoco NYSE:SUN and the Purchaser) is structured as a court-approved plan of arrangement and is expected to close in Q4 2025, subject to remaining regulatory approvals and satisfaction or waiver of customary closing conditions. Election instructions and documents are available on Parkland's website and SEDAR+.
Parkland (TSX:PKI) ha fissato la scadenza delle elezioni per l'accordo Sunoco alle 5:00 P.M. (ora di Calgary) del 17 ottobre 2025. Gli azionisti registrati devono utilizzare la lettera di trasmissione e il modulo di elezione spediti il 11 settembre 2025; i detentori beneficiari dovrebbero contattare il proprio intermediario, poiché gli intermediari potrebbero imporre scadenze anticipate.
L'accordo Sunoco (con Sunoco NYSE:SUN e l'acquirente) è strutturato come un piano di riorganizzazione approvato dal tribunale e si prevede che chiuda nel Q4 2025, soggetto alle rimanenti autorizzazioni regolamentari e al soddisfacimento o rinuncia delle condizioni di chiusura consuete. Le istruzioni di elezione e i documenti sono disponibili sul sito web di Parkland e su SEDAR+.
Parkland (TSX:PKI) fijó la fecha límite de la elección para el acuerdo Sunoco en 5:00 P.M. (hora de Calgary) del 17 de octubre de 2025. Los accionistas registrados deben usar la carta de transmisión y el formulario de elección enviados el 11 de septiembre de 2025; los tenedores beneficiarios deben ponerse en contacto con su intermediario, ya que los intermediarios pueden imponer plazos más tempranos.
El Acuerdo Sunoco (con Sunoco NYSE:SUN y el Comprador) está estructurado como un plan de restructuración aprobado por el tribunal y se espera que cierre en Q4 2025, sujeto a las autorizaciones regulatorias restantes y al cumplimiento o renuncia de las condiciones de cierre habituales. Las instrucciones de elección y los documentos están disponibles en el sitio Web de Parkland y en SEDAR+.
Parkland (TSX:PKI) 은 Sunoco 합의에 대한 선거 마감일을 2025년 10월 17일(캘거리 시간) 오후 5시로 정했습니다. 등록 주주는 2025년 9월 11일에 발송된 송달 서한 및 선거서를 사용해야 하며, 유익 소유자는 중개인에게 문의해야 합니다. 중개인이 더 이른 마감일을 부과할 수 있기 때문입니다.
Sunoco 합의( Sunoco NYSE:SUN 및 매수인과 함께 )은 법원에서 승인된 계획으로 구조화되어 있으며 2025년 4분기에 종료될 것으로 예상되며 남아 있는 규제 승인이 필요하고 일반적인 종가 조건의 충족 또는 포기로 결정됩니다. 선거 지침 및 문서는 Parkland의 웹사이트와 SEDAR+에서 제공됩니다.
Parkland (TSX:PKI) a fixé la date limite pour l'élection relative à l'accord Sunoco à 17 octobre 2025 à 17h00 (heure de Calgary). Les actionnaires inscrits doivent utiliser la lettre de transmission et le formulaire d'élection envoyés le 11 septembre 2025; les porteurs bénéficiaires doivent contacter leur intermédiaire car ceux-ci peuvent imposer des délais plus précoces.
L'accord Sunoco (avec Sunoco NYSE:SUN et l'Acheteur) est structuré comme un plan d'arrangement approuvé par le tribunal et devrait être clôturé au Q4 2025, sous réserve des approbations réglementaires restantes et de la satisfaction ou renonciation des conditions de clôture habituelles. Les instructions d'élection et les documents sont disponibles sur le site Web de Parkland et sur SEDAR+.
Parkland (TSX:PKI) hat die Frist für die Wahl zum Sunoco-Vereinbarung auf 17. Oktober 2025, 17:00 Uhr (Calgary-Zeit) festgelegt. Registrierte Aktionäre müssen das am 11. September 2025 versandte Transmittal-Schreiben und Wahlformular verwenden; begünstigte Inhaber sollten ihren Vermittler kontaktieren, da Vermittler vorzeitige Fristen festlegen können.
Die Sunoco-Vereinbarung (mit Sunoco NYSE:SUN und dem Käufer) ist als gerichtlich genehmigter Verschmelzungsplan strukturiert und soll im Q4 2025 abgeschlossen werden, vorbehaltlich verbleibender behördlicher Genehmigungen und der Erfüllung oder Verzichtserklärung der üblichen Abschlussbedingungen. Anweisungen zur Wahl und Dokumente sind auf Parklands Website und SEDAR+ verfügbar.
Parkland (TSX:PKI) حددت مهلة الانتخابات لاتفاق Sunoco في الساعة 5:00 مساءً (بتوقيت كالجاري) في 17 أكتوبر 2025. يجب على المساهمين المسجلين استخدام رسالة الإرسال ونموذج الاختيار المرسلين في 11 سبتمبر 2025؛ يجب على حاملي المزايا الاتصال بوسيطهم لأن الوسطاء قد يفرضون مهلاً مبكرة.
ترتيب Sunoco (مع Sunoco NYSE:SUN والمشتري) مُهيأ كخطة ترتيب قضائية من المحكمة ومن المتوقع أن يُغلق في الربع الرابع 2025، رهناً بموافقة التنظيمات المتبقية وتحقيق أو التنازل عن شروط الإغلاق المعتادة. تعليمات الاختيار ووثائقها متاحة على موقع Parkland وSEDAR+.
Parkland (TSX:PKI) 将 Sunoco 安排的选择截止日期定为 2025年10月17日 Calgary 时间下午5:00。登记股东必须使用2025年9月11日寄出的转发函和选举表格；受益持有人应联系其中介，因为中介可能设定更早的截止日期。
Sunoco 安排（与 Sunoco NYSE:SUN 及购买方）被结构为法院批准的安排计划，预计将在 2025年第四季度完成，须符合剩余的监管批准并满足或放弃通常的成交条件。选举说明和文件可在 Parkland 网站及 SEDAR+ 上获取。
- Election deadline established: Oct 17, 2025, 5:00 PM
- Transaction structure: court-approved plan of arrangement
- Expected close: Q4 2025 for full-share acquisition by Sunoco
- Closing subject to remaining regulatory approvals and customary conditions
- Beneficial holders may face earlier intermediary deadlines affecting elections
Insights
Parkland shareholders must elect consideration by
The announcement sets the shareholder election deadline for the previously disclosed acquisition by Sunoco. Registered holders must submit their choices by
The transaction closing remains conditional on remaining regulatory approvals and customary closing conditions, with an expected close in
Watch the proportion of shares electing cash versus equity, any intermediary-imposed earlier deadlines, and public notices on regulatory approvals ahead of the
For complete instructions, please refer to the letter of transmittal and election form previously mailed to registered shareholders on September 11, 2025 and the associated press release issued by the Company on the same day, each available on www.parkland.ca and the Company's profile on SEDAR+ at www.sedarplus.ca.
Beneficial (non-registered) shareholders whose Company Shares are registered in the name of an intermediary such as a broker, investment dealer, bank, trust company, trustee, nominee or other intermediary should not use the letter of transmittal but rather should contact their intermediary for instructions and assistance in depositing their Company Shares and electing the form of consideration they wish to receive. Every intermediary has its own procedures with respect to the election and may have an earlier election deadline.
The Sunoco Arrangement 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.
|
_________________________________________ |
|
1 On May 5, 2025, Parkland announced that it entered into an arrangement agreement (as amended by an amending agreement dated May 26, 2025) with Sunoco LP (NYSE:SUN) ("Sunoco"), SunocoCorp LLC (formerly, NuStar GP Holdings LLC), and 2709716 Alberta ULC (formerly, 2709716 Alberta Ltd.) (the "Purchaser"), pursuant to which Sunoco, through the Purchaser, will acquire all of the issued and outstanding Company Shares by way of a court-approved plan of arrangement under Section 193 of the Business Corporations Act ( |
About Parkland Corporation
Parkland is a leading international fuel distributor, marketer, and convenience retailer with safe and reliable operations in twenty-six countries across the
Forward-Looking Statements
Certain statements contained herein constitute forward-looking information and statements (collectively, "forward looking statements"). When used in this press release, the words "expect", "may", "shall", "will", and similar expressions are intended to identify forward-looking statements. In particular, this press release contains forward-looking statements with respect to, among other things, the Election Deadline, the completion of the Sunoco Arrangement and the expected timing thereof, the receipt of the remaining key regulatory approvals that are a condition to completing the Sunoco Arrangement and the satisfaction or waiver of customary closing conditions.
These statements involve known and unknown risks, uncertainties and other factors that may cause actual results or events to differ materially from those anticipated in such forward-looking statements. No assurance can be given that these expectations will prove to be correct and such forward-looking statements should not be unduly relied upon. These forward-looking statements speak only as of the date hereof. Parkland does not undertake any obligations to publicly update or revise any forward-looking statements except as required by securities laws. Actual results could differ materially from those anticipated in these forward-looking statements as a result of numerous risks, assumptions and uncertainties including, but not limited to: general economic, regulatory, market and business conditions; the completion of the Sunoco Arrangement on anticipated terms and the closing date thereof, or at all, including obtaining certain remaining regulatory approvals and the satisfaction or waiver of customary closing conditions; Parkland's ability to execute its business strategy; action by other persons or companies; the consideration to be received by Parkland shareholders is subject to proration, maximum amounts and adjustments, such that a Parkland shareholder may not receive all of the consideration in the form that they elect to receive; and other factors, many of which are beyond the control of Parkland. See also the risks and uncertainties described under the headings "Cautionary Statement Regarding Forward-Looking Information" and "Risk Factors" in Parkland's current Annual Information Form dated March 5, 2025, under the headings "Forward-Looking Information" and "Risk Factors" in the Q2 Management's Discussion and Analysis dated August 5, 2025, and under the heading "Risk Factors" in Parkland's management information circular and proxy statement dated May 26, 2025, each as filed on SEDAR+ and available on Parkland's website at www.parkland.ca.
The forward-looking statements contained herein are expressly qualified by this cautionary statement.
View original content to download multimedia:https://www.prnewswire.com/news-releases/parkland-corporation-announces-election-deadline-for-the-sunoco-arrangement-302577806.html
SOURCE Parkland Corporation
FAQ
What is the Parkland (TSX:PKI) election deadline for the Sunoco arrangement?
How should registered Parkland shareholders make their Sunoco arrangement election?
What should beneficial (non-registered) Parkland shareholders do to elect consideration for SUN deal?
When is the Sunoco (NYSE:SUN) acquisition of Parkland expected to close?
Who is acquiring Parkland under the Sunoco arrangement and by what mechanism?
Where can Parkland shareholders find the election form and instructions for the SUN arrangement?
