Marathon Petroleum Corp. Announces Agreement for $21 Billion Sale of Speedway

PRNewswire

Aug 03, 2020

- 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

PR Newswire

FINDLAY, Ohio, Aug. 2, 2020

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