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Parkland Corporation Sets Deadline for Common Shareholder Elections
ByAinvest
Thursday, Oct 9, 2025 1:10 am ET1min read
Parkland Corporation announced the deadline for registered shareholders to elect to receive payment for their common shares in relation to the Sunoco agreement as October 17, 2025, at 5:00 PM Calgary time. The complete instructions can be found in the sending letter and election form sent to registered shareholders on September 11, 2025, and the associated press release. Beneficial owners (unregistered) whose shares are registered in the name of an intermediary can also participate.
Parkland Corporation (TSX: PKI) has announced the deadline for registered shareholders to make their election in respect of the consideration receivable pursuant to the Sunoco Arrangement. The election deadline is set for 5:00 PM (Calgary time) on October 17, 2025 [1].Registered shareholders received a letter of transmittal and election form on September 11, 2025, detailing the election process. The instructions and forms can be accessed on Parkland's website [1]. Beneficial (non-registered) shareholders whose shares are registered in the name of an intermediary should contact their intermediary for instructions and assistance in depositing their shares and making their election [1].
The Sunoco Arrangement, expected to close in the fourth quarter of 2025, involves Sunoco LP (NYSE: SUN), SunocoCorp LLC, and 2709716 Alberta ULC acquiring all of Parkland's issued and outstanding shares through a court-approved plan of arrangement under Section 193 of the Business Corporations Act (Alberta) [1].
The election process is subject to various risks and uncertainties, including the receipt of remaining regulatory approvals and the satisfaction or waiver of customary closing conditions. Parkland has warned that actual results could differ materially from those anticipated in forward-looking statements [1].
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