Seven & i to Acquire Most of Sunoco's Convenience Store, Gasoline Retail Businesses
By Ronnie Harui
Seven & i Holdings' U.S. subsidiary will acquire most of Sunoco's convenience store and gasoline retail businesses for $950 million.
Through this deal, the U.S. subsidiary 7-Eleven, Inc. will purchase 204 stores in western Texas, New Mexico, and Oklahoma, which will connect its 7-Eleven and Speedway store network alongside the interstate highway, the Japanese company said Thursday.
7-Eleven, Inc. had acquired 1,030 stores under Sunoco's convenience store and gasoline business in 2018, it added.
The deal is part of Seven & i's medium-term management plan, which includes pursuing growth in the North American market.
Write to Ronnie Harui at ronnie.harui@wsj.com
(END) Dow Jones Newswires
January 11, 2024 05:12 ET (10:12 GMT)
Copyright (c) 2024 Dow Jones & Company, Inc.-
September Jobs Report Forecasts Show Moderate Hiring Gains
-
Port Strike a Headache for Shippers but a Potential Tailwind for Certain US Transport Stocks
-
13 Charts on Q3′s Roller-Coaster Rally for Stocks and Bonds
-
5 Stocks to Buy Instead of Overpriced US Equities
-
Q4 Stock Market Outlook: Where We See Opportunities for Investors
-
Markets Brief: Non-Farm Payrolls in the Spotlight Again
-
6 Top-Performing Large-Growth Funds
-
What’s the Difference Between the CPI and PCE Indexes?
-
10 Top-Performing Dividend Stocks of Q3 2024
-
33 Undervalued Stocks
-
Communication Services: Cable’s Broadband Dominance Isn’t as Strong as It Once Was
-
Technology: Strength Continues, With Software Presenting the Best Buying Opportunities
-
Best- and Worst-Performing Stocks of Q3 2024
-
Top Stocks to Own From the Best Fund Managers
-
2 Cheap Stocks Top Managers Have Been Buying
-
The 10 Best Companies to Invest in Now