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08-04-2020, 08:57 AM
Filed under: Earnings/Financials (https://www.autoblog.com/category/earnings-financials/),Hirings/Firings/Layoffs (https://www.autoblog.com/category/hirings-firings-layoffs/),Emissions (https://www.autoblog.com/category/emissions/)
https://o.aolcdn.com/images/dims3/GLOB/crop/376x212+0+0/resize/800x450!/format/jpg/quality/85/https://o.aolcdn.com/images/dims3/GLOB/crop/5000x2819+0+0/resize/376x212!/format/jpg/quality/85/https://media-mbst-pub-ue1.s3.amazonaws.com/creatr-uploaded-images/2020-08/ff474b70-d658-11ea-b43d-dc72305bec25 Marathon, under pressure from activist investor Elliott Management, said last year it would launch sweeping restructuring, including spinning off Speedway, which it said was worth as much as $18 billion, including debt. After-tax proceeds from the sale, which has been approved by the boards of both companies, are estimated at $16.5 billion, Marathon said, adding it will use the proceeds to pay existing debt. For Seven & i, owner of the 7-Eleven convenience store chain, the deal helps it shift Continue reading Marathon sells Speedway to 7-Eleven owner for $21 billion in big gas station shakeup (https://www.autoblog.com/2020/08/04/7-eleven-buys-speedway-gas-station-brand/)
Marathon sells Speedway to 7-Eleven owner for $21 billion in big gas station shakeup (https://www.autoblog.com/2020/08/04/7-eleven-buys-speedway-gas-station-brand/) originally appeared on Autoblog (https://www.autoblog.com) on Tue, 4 Aug 2020 09:53:00 EDT. Please see our terms for use of feeds (http://www.motorgen.com/rss-term-of-use/).
Permalink (https://www.autoblog.com/2020/08/04/7-eleven-buys-speedway-gas-station-brand/) | Email this (https://www.autoblog.com/forward/2254568/) | Comments (https://www.autoblog.com/2020/08/04/7-eleven-buys-speedway-gas-station-brand/#comments)
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https://o.aolcdn.com/images/dims3/GLOB/crop/376x212+0+0/resize/800x450!/format/jpg/quality/85/https://o.aolcdn.com/images/dims3/GLOB/crop/5000x2819+0+0/resize/376x212!/format/jpg/quality/85/https://media-mbst-pub-ue1.s3.amazonaws.com/creatr-uploaded-images/2020-08/ff474b70-d658-11ea-b43d-dc72305bec25 Marathon, under pressure from activist investor Elliott Management, said last year it would launch sweeping restructuring, including spinning off Speedway, which it said was worth as much as $18 billion, including debt. After-tax proceeds from the sale, which has been approved by the boards of both companies, are estimated at $16.5 billion, Marathon said, adding it will use the proceeds to pay existing debt. For Seven & i, owner of the 7-Eleven convenience store chain, the deal helps it shift Continue reading Marathon sells Speedway to 7-Eleven owner for $21 billion in big gas station shakeup (https://www.autoblog.com/2020/08/04/7-eleven-buys-speedway-gas-station-brand/)
Marathon sells Speedway to 7-Eleven owner for $21 billion in big gas station shakeup (https://www.autoblog.com/2020/08/04/7-eleven-buys-speedway-gas-station-brand/) originally appeared on Autoblog (https://www.autoblog.com) on Tue, 4 Aug 2020 09:53:00 EDT. Please see our terms for use of feeds (http://www.motorgen.com/rss-term-of-use/).
Permalink (https://www.autoblog.com/2020/08/04/7-eleven-buys-speedway-gas-station-brand/) | Email this (https://www.autoblog.com/forward/2254568/) | Comments (https://www.autoblog.com/2020/08/04/7-eleven-buys-speedway-gas-station-brand/#comments)
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