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Marathon Petroleum Sells Speedway for $21 Billion
Ohio-based Marathon Petroleum is selling its Speedway stores to 7 Eleven for $21 billion. The all-cash transaction is planned to close in the first quarter of 2021, but is subject to closing conditions and regulatory approvals.
"This transaction marks a milestone on the strategic priorities we outlined earlier this year," says Michael Hennigan, Marathon’s president and chief executive officer. "The establishment of a long-term strategic....
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