• auctusgroup

7-Eleven expanding store footprint with $21 billion all-cash acquisition

The convenience store giant has entered into an agreement to acquire Speedway, a leading convenience store chain, from Marathon Petroleum Corp. As part of the deal, 7 Eleven will acquire approximately 3,900 Speedway stores located in 35 states, for $21 billion in cash. With more than 9,800 stores in the U.S., 7-Eleven said its stores and Speedway’s locations have complementary geographic footprints with little overlap.

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