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Sunoco ( (SUN) ) has provided an announcement.
On May 4, 2025, Sunoco entered into an Arrangement Agreement to acquire all outstanding common shares of Parkland Corporation. In connection with this transaction, Parkland announced a private consent solicitation on May 27, 2025, to amend the indentures governing its outstanding senior notes. This amendment aims to eliminate the obligation for a Change of Control Offer and redefine ‘Change of Control’ to recognize Sunoco and its affiliates as ‘Qualified Owners.’ Sunoco has agreed to reimburse Parkland for any consent fees and related costs incurred during this process.
The most recent analyst rating on (SUN) stock is a Buy with a $59.00 price target. To see the full list of analyst forecasts on Sunoco stock, see the SUN Stock Forecast page.
Spark’s Take on SUN Stock
According to Spark, TipRanks’ AI Analyst, SUN is a Outperform.
Sunoco’s strong earnings call and sound valuation are the most significant factors contributing to its overall score. Financial performance and corporate events also positively impact the score, while mixed technical signals provide a neutral outlook.
To see Spark’s full report on SUN stock, click here.
More about Sunoco
Sunoco LP is a Delaware limited partnership operating in the energy sector. It primarily deals with the distribution of motor fuels, and its market focus includes retail and wholesale fuel sales.
Average Trading Volume: 402,715
Technical Sentiment Signal: Strong Buy
Current Market Cap: $8.58B
Learn more about SUN stock on TipRanks’ Stock Analysis page.