7-Eleven to buy Speedway chain in $21B deal

7-Eleven to buy Speedway chain in $21B deal Photo: KSTP-TV.

Rebecca Omastiak
Updated: August 03, 2020 11:18 AM
Created: August 03, 2020 07:34 AM

Convenience store chain 7-Eleven has entered into an agreement to buy the Speedway chain in a deal valued at $21 billion, the company announced Sunday.

According to a news release from 7-Eleven, it's the largest acquisition in the company's history, adding approximately 3,900 locations in 35 states to its existing 9,800 stores in the United States and Canada.


"This acquisition is the largest in our company's history and will allow us to continue to grow and diversify our presence in the U.S., particularly in the Midwest and East Coast," Joe DePinto, president and chief executive officer of 7-Eleven, said in a statement.

The transaction is expected to be completed in the first quarter of 2021, according to 7-Eleven.

Copyright 2020 - KSTP-TV, LLC A Hubbard Broadcasting Company

Comment on Facebook

Face-to-face anger: Trump, Biden lash, interrupt each other

14-year-old girl, younger sisters carjacked at gunpoint in St Paul's eastside

Record demand for food in Minnesota expected through 2021

Angie Craig sues secretary of state to not move election date for 2nd Congressional District