Deal Snapshot
7-Eleven Acquires US Convenience Retailer Speedway for USD 21bn in Cash
Monday 03 August 2020

US-based convenience store operator 7-Eleven, Inc has entered into an agreement to acquire Speedway, a leading convenience store chain, from Marathon Petroleum Corp. (NYSE: MPC), the company said.

As part of the agreement, 7-Eleven will acquire approximately 3,900 Speedway stores located in 35 states, for USD 21bn in cash. 7-Eleven currently has over 9,800 stores in the United States and Canada and with Speedway's high-quality portfolio of approximately 3,900 stores, this acquisition will bring 7-Eleven's total number of stores to approximately 14,000 in the US and Canada.

Date Published: 03/08/2020