NOTES:
Marathon Petroleum reached a deal to sell its Speedway segment to 7-Eleven for $21 billion in cash, which will result in $16.5 billion in after-tax cash proceeds once the deal closes in the first quarter of 2021.
NOTES:
Sunoco has closed on their acquisition of wholesale fuel distribution assets from Schmitt Sales, Inc along with convenience store locations from Speedway for $50 million. The stores will be converted to wholesale distribution sites, and the combined purchases will equate to an additional 180 millions of annual fuel distribution capacity.