06:59 AM EDT, 06/25/2025 (MT Newswires) -- Parkland said Tuesday its shareholders voted in favor of a $9.1 billion acquisition by Sunoco ( SUN ) , with 93.46% of votes cast in support of the deal.

In May, Sunoco ( SUN ) agreed to acquire all Parkland shares in a cash-and-equity transaction, including debt. Under the terms of the deal, Parkland shareholders will receive 0.295 units of SUNCorp and 19.80 Canadian dollars ($14.42) per Parkland share.

The deal, which includes Parkland's Burnaby refinery in British Columbia, is expected to close in H2 2025, subject to shareholder, court and regulatory approvals.