Q: In 2025 June, it was confirmed by AGM that PKI is being acquired by SUN:N for US$9.1-bil. SUN:N was offering C$44 or C$19.80 = 0.295 SUN:N units. At of today PKI:T is trading around C$38/-. Do you think that SUN:N will pay C$44 once the transaction related formalities is completed or its better to sell now as the price of C$44 might be lower. Your views appreciated.
Thanks
Piyush
Thanks
Piyush
5i Research Answer:
The value of compensation received will be partially based on the value of SUN shares, which are not yet listed. We might not expect $44 here, but perhaps $40 to $41. We would be comfortable selling PKI now for other opportunities rather than waiting further, if one does not care about owning Sunoco.