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Parkland and Sunoco cleared a key U.S. antitrust review, paving the way for their $9.1B deal to proceed.
Parkland Corp. and Sunoco LP have cleared a major U.S. antitrust hurdle as the Hart-Scott-Rodino waiting period expired, allowing the $9.1-billion acquisition to move forward without regulatory opposition.
The deal, expected to close in the fourth quarter of 2025, remains subject to other approvals, including Canada’s Investment Canada Act.
Sunoco, a major U.S. fuel distributor, would acquire Parkland, a Calgary-based refiner and retailer with operations across 26 countries, including the Burnaby Refinery and brands like Ultramar and Chevron.
The transaction, which follows a prior proxy battle, aims to boost efficiency and market reach in the energy sector.
Parkland y Sunoco aprobaron una revisión antimonopolio clave de EE.UU., allanando el camino para que su acuerdo de 9.1 mil millones de dólares continúe.