Marathon Petroleum Corp. Announces Agreement for $21 Billion Sale of Speedway
(WorldNews Environment)

- 7-Eleven to acquire Speedway in $21 billion all-cash transaction - $16.5 billion estimated after-tax cash proceeds expected to be used to strengthen balance sheet and return capital to shareholders - Establishes relationship with 7-Eleven anchored by long-term fuel supply agreements for approximately 7.7 billion gallons per year, with additional growth opportunities FINDLAY, Ohio, Aug. 2, 2020 /PRNewswire/ -- Marathon Petroleum Corp. (NYSE: MPC) today announced that it and certain of its subsidiaries have entered into a definitive agreement with 7-Eleven, Inc., a wholly owned, indirect subsidiary of Seven & i Holdings Co., Ltd. (3382: Tokyo), whereby 7-Eleven will acquire Speedway for $21...