Monday, August 3, 2020

7-Eleven to Acquire Speedway

Plain Vanilla Shell
Marathon Petroleum Corp. has entered into a definitive agreement to sell its Speedway convenience-store chain to 7-Eleven Inc., a wholly owned, indirect subsidiary of Seven & i Holdings Co. Ltd., for $21 billion in cash. The transaction, which includes a 15-year fuel supply agreement, is expected to close in the first quarter of 2021, subject to customary closing conditions and regulatory approvals.. . . more