7-Eleven to acquire Speedway in $21 billion cash transactionChristian 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.
Speedway Marathon Petroleum
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. ■