Deal Snapshot
7-Eleven Closes USD 21bn Acquisition of US Convenience Retailer Speedway
Monday 17 May 2021

US-based convenience store operator 7-Eleven, Inc has closed the acquisition of convenience store chain Speedway 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. The deal accelerates 7-Eleven's growth trajectory and diversifies presence in the US Speedway and 7-Eleven have complementary geographic footprints with little overlap.

Date Published: 17/05/2021