More Speedways Coming
 

Not the kind you think..
https://www.latimes.com/business/sto...tions-marathon

Seven & i Holdings Co,the world’s largest convenience store operator,is betting $21 billion on the future of quick-stop shopping in the U.S,reviving a once-abandoned deal to make sure the target didn’t fall into the hands of a competitor.The global operator of the 7-Eleven franchise agreed to buy Marathon Petroleum Corp.’s gas-station business,adding 3,900 Speedway Branded outlets to clinch a dominant position of almost 14,000 stores in the U.S. and Canada.Seven & i pushed ahead despite the uncertainty of the COVID-19 pandemic and investor pessimism.Its shares declined 4.8% in Tokyo on Monday.Marathon rose 3.3% at 9:56 a.m.in New York.The total purchase price was higher than some U.S. analysts were expecting,according to Citigroup Inc.