(Bloomberg) — Seven & i Holdings Co., the world’s largest convenience store franchiser, agreed to buy Marathon Petroleum Corp.’s Speedway gas-stations for $21 billion, forging ahead with a deal-fueled expansion in the U.S.Seven & i, which operates internationally through its U.S.-based 7-Eleven Inc. unit, said in a statement it expects the all-cash transaction to close in the first quarter of next year. The company will hold a press conference at 9 a.m. Tokyo time Monday.The deal is the largest yet for Tokyo-based Seven & i, a retail giant with 69,000 stores worldwide including 7-Eleven outlets and Ito-Yokado supermarkets in Japan. …read more
Source:: Yahoo Finance
