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Washington Signals G20 Boycott Amid Trump’s Remarks

                                                                       President Donald Trump The United States will not participate in the upcoming G20 summit in South Africa, according to comments made by President Donald Trump. The announcement marks a significant diplomatic shift, as the G20 is traditionally a forum for major economies to coordinate on global issues ranging from trade to climate change. Trump’s statement has raised questions about Washington’s commitment to multilateral cooperation and could strain relations with other member nations. Analysts suggest the boycott may reflect broader tensions over international policy priorities and the administration’s stance on global governance. South Africa, as host nation, has yet to issue a formal response, but observers no...
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Sunoco Acquires Parkland in $9 Billion Deal, Reshaping Fuel Distribution in the Americas

In a major move within the fuel supply industry, Sunoco LP has announced its acquisition of Canada-based Parkland Corp. in a deal valued at approximately $9.1 billion, including debt. This transaction positions the combined entity as the largest independent fuel distributor in the Americas.

The acquisition follows Parkland’s strategic review, initiated in March, after pressure from its largest shareholder, Simpson Oil, which holds nearly 20% of Parkland’s shares. As part of the agreement, Parkland shareholders will receive C$19.80 in cash and 0.295 Sunoco units per share. The deal is expected to close in the second half of the year and is projected to generate over $250 million in synergies by the third year.

Sunoco has committed to maintaining Parkland’s Burnaby Refinery, which produces low-carbon fuels, ensuring long-term fuel supply to Canada’s Lower Mainland region. Additionally, Sunoco will establish SUNCorp LLC, a new publicly traded entity that will hold limited partnership units equivalent to Sunoco’s common units.

This acquisition marks a significant consolidation in the fuel supply sector, reinforcing Sunoco’s presence across North America while securing Parkland’s future in the evolving energy landscape.



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