Speedway divestiture
WebJul 7, 2024 · 7-Eleven, Inc. BB #:105528 and Marathon Petroleum Corporation have agreed to divest hundreds of stores used to sell gasoline and diesel fuel in 293 local markets across 20 states to settle Federal Trade Commission charges that 7-Eleven’s acquisition of Marathon’s Speedway subsidiary violated federal antitrust laws. 7-Eleven consummated … WebMay 18, 2024 · 7‑Eleven, a subsidiary of Tokyo-based Seven & i Holdings Co., Ltd. reached a $21 billion deal last August to acquire approximately 3,800 Speedway stores in 36 states from Marathon Petroleum Corp....
Speedway divestiture
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WebJun 25, 2024 · FTC Orders the Divestiture of Hundreds of Retail Stores Following 7-Eleven, Inc.’s Anticompetitive $21 Billion Acquisition of the Speedway Retail Fuel Chain* … WebAug 2, 2024 · Utilizing the proceeds from the Speedway divestiture, we have completed approximately $12 billion of our $15 billion return of capital program,” Hennigan said. “We also recently published our annual Sustainability and Climate reports, which highlight the progress we have made across our sustainability commitments.”
WebJul 26, 2015 · Seekonk Speedway Seekonk, MA (updated 4/9/05) Dirt Oval Tracks. Historic Oval Tracks. Hillside Raceway Westport, MA (updated 2/6/11) Rhythm Inn Speedway … WebMay 14, 2024 · The addition of Speedway brings 7-Eleven’s total North American portfolio to approximately 14,000 stores and diversifies 7-Eleven’s presence to 47 of the 50 most …
WebThe $21-billion transaction comes with a 15-year fuel supply agreement for approximately 7.7 billion gallons per year associated with the Enon-based Speedway business, as … WebJan 19, 2024 · According to the complaint, which also names Seven & i’s U.S. subsidiary, 7-Eleven, Inc., and Sunoco LP, the acquisition would harm competition in 76 local markets across 20 metropolitan statistical areas.. Retail fuel stations compete on price, convenience store format, product offerings, and location, and they pay close attention to nearby …
WebMar 1, 2024 · CN first announced the divestiture plan on Jan. 13 after filing a description of its anticipated responsive application, also required as part of the procedural schedule. CN at that time claimed the line “is a direct competitive alternative to CP ’s route from Kansas City to Chicago, and beyond to Detroit and eastern Canada.
WebAug 2, 2024 · Utilizing the proceeds from the Speedway divestiture, we have completed approximately $12 billion of our $15 billion return of capital program. We also recently published our annual Sustainability and Climate reports, which highlight the progress we have made across our sustainability commitments.” 1. technology-aided installation art examplestechnology alignmentWebAug 12, 2024 · Speedway, Enon, Ohio, is now owned by Irving, Texas-based 7-Eleven Inc. The $21 billion acquisition of Marathon Petroleum Corp.’s 3,900-unit Speedway convenience … technology airline industryWebJun 28, 2024 · By Thomas Mulloy June 28, 2024. 7-Eleven Inc. and Marathon Petroleum Corp. have agreed to divest hundreds of stores used to sell gasoline and diesel fuel in 293 local markets across 20 states to ... technology alliance programWebCoastal home decor and gifts, inspired by the beauty of the ocean. Featuring Resin Art, Floral Blocks, and Ocean Wave Art technology agricultureWebMar 3, 2024 · FTC Approves Final Order Imposing Divestitures and Protecting Retail Fuel Customers following Global Partners LP’s Acquisition of Wheels March 3, 2024 Tags: Competition Bureau of Competition Merger Horizontal gasoline prices local markets retailing Energy Gasoline spc gk 650k whiteWebMay 5, 2024 · Marathon Petroleum’s deal to sell Speedway will close within weeks. The $21 billion deal with 7-Eleven is the biggest in convenience-store. Speedway Sale Closing Is … technology ally