Parkland Corporation and Sunoco’s long-sought US$9.1-billion merger is expected to close Friday.

Calgary-based Parkland provided an update on the completion date on Monday in the company’s latest company earnings report. Parkland previously said the deal would close in the fourth quarter but did not specify a date.

The proposed deal previously received approval from the federal government and overcame a potential U.S. government barrier with the expiration of the waiting period under the American Hart-Scott-Rodino Antitrust Improvements Act of 1976 (HSR Act).

During the summer, Parkland and Sunoco shareholders approved the proposed friendly takeover of the fuel retailer and convenience-store chain owner.

That approval came after activist investor and majority shareholder Simpson Oil backed the deal in June after waging a two-year boardroom battle with Parkland. The sale agreement resulted after Simpson won a key court decision that gave it a say in the company’s future.

But fellow dissident shareholder Engine Capital rejected the proposed agreement.

Parkland operates about 4,000 gas stations and electric-vehicle charging sites across Canada, the U.S., and the Caribbean. The company also owns the On the Run convenience-store chain and M&M Food Market, along with an oil refinery in Burnaby, B.C.

If all goes according to plan, the transaction will include cash, stock and debt. U.S.-based Sunoco plans to take Parkland private.

Pictured: On the Run convenience store.

Photo: Parkland