Deals
7-Eleven Owner in Exclusive Talks to Buy Marathon’s Speedway
- 7-Eleven owner is in talks to buy Speedway for $22 billion
- A deal announcement could come as early as next week
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Seven & i Holdings Co., the Japanese company that controls 7-Eleven, is in exclusive talks to acquire Marathon Petroleum Corp.’s Speedway gas stations for about $22 billion, according to people familiar with the matter.
The 7-Eleven owner is lining up financing for the potential transaction, which could be announced as soon as next week, said the people, who asked not to be identified as the deliberations are private. No final decision has been made and discussions could fall through, they said.