7-Eleven Deal for Speedway Chain Called Illegal by FTC Chair
- FTC commissioners point fingers after $21 billion deal closes
- 7-Eleven, Marathon say they were entitled to close the deal
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7-Eleven Inc.’s purchase of the Speedway retail chain violates antitrust laws, the head of the U.S. Federal Trade Commission said, casting doubt over the future of the $21 billion deal that closed Friday.
FTC Acting Chairwoman Rebecca Kelly Slaughter and her fellow Democratic commissioner said the agency would continue to investigate the acquisition even after 7-Eleven announced it had completed the deal.