7-Eleven Ordered to Sell 293 Stores Bought in Speedway Deal
- Stores acquired in $21 billion deal with Marathon Petroleum
- Decision resolves lingering concerns over transaction
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7-Eleven Inc. was ordered by U.S. antitrust regulators to sell 293 gas-station retail stores acquired earlier this year as part of its $21 billion purchase of Marathon Petroleum Corp.’s Speedway business.
The order disclosed Friday by the U.S. Federal Trade Commission resolves lingering concerns over the transaction. In May, FTC Acting Chairwoman Rebecca Kelly Slaughter and her fellow Democratic commissioner said the agency would continue to investigate the acquisition even as 7-Eleven said the deal had been completed.