7-Eleven selling 300 stores to three separate buyers

Marianne Wilson
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7-Eleven is selling 293 Speedway and 7-Eleven stores are part of a settlement with the Federal Trade Commission.

The settlement is related to the c-store giant’s completion of its $21 billion acquisition of Speedway LLC from Marathon Petroleum Corp.  

Under the agreement, 7-Eleven will sell 63 Speedway stores in California, Arizona and Nevada to Jacksons Food Stores/Jackson Energy, which operates more than 264 stores in Idaho, Nevada, Oregon, Washington, Arizona and Utah under the Jacksons Food Stores and ExtraMile by Jacksons Convenience Store banners. 

In the second transaction, 7-Eleven will sell 106 Speedway and 7-Eleven stores in the Mid-Atlantic and Northeast to Allentown, Pa.-based CrossAmerica Partners LP. And in the third deal, the company will sell 124 Speedway and 7-Eleven sites in the Midwest, Northeast, Florida and Utah to Upland, Calif.-based Anabi Oil, which operates more than 300 c-stores nationwide.