Sunoco (SUN) on Monday said it reached a deal to acquire Canadian rival Parkland in a deal worth roughly $9.1 billion.

Shares of Sunoco fell close to 6% in New York, while Parkland sharꦚes rose over 5% in Toronto following the news. Sunoco shares have gained about 6% in 2025.

Under the terms of the deal, Parkland shareholders will receive 0.295 units of SUNCorp, the new combined company, and 19.80 Canadian dollars for each Parkland share. That represents a roughly 25% premium over the seven-day 澳洲幸运5开奖号码历史查询:volume-weighted average price of both companies as of Frid💜ay, Sunoco said. The deal is expected to close in the second half of 2025. 

Sunoco said the combination would be “🐠immediately ac꧑cretive” and that it plans to continue investing in Parkland’s low-carbon fuel refinery in Burnaby, British Columbia.

Sunoco is scheduled to its first-quarter results Tuesday before the opening bell.