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7-Eleven to acquire Speedway in $21 billion cash transaction

Christian Fernsby ▼ | August 3, 2020
Marathon Petroleum announced that it and certain of its subsidiaries have entered into a definitive agreement with 7-Eleven whereby 7-Eleven will acquire Speedway for $21 billion in cash.
Marathon Petroleum
Speedway   Marathon Petroleum
The transaction is expected to close in the first quarter of 2021, subject to customary closing conditions and regulatory approvals.

Topics: 7-Eleven Speedway

The $21 billion valuation represents a significant value unlock.

The 100% cash transaction immediately captures value for MPC shareholders relative to potential valuation risks of other alternatives.