Speedway becoming 7-Eleven

7-Eleven is buying Speedway giving the company 14,000 stores across the United States and Canada

"As part of the agreement, 7-Eleven will acquire approximately 3,900 Speedway stores located in 35 states, for $21 billion in cash", according to a release from 7-Eleven, Inc. Japanese retail giant Seven & i Holdings - which owns 7-Eleven and other outlets, including supermarket chain Ito-Yokado and the Sogo and Seibu department stores - says it is the largest in the company's history. 7-Eleven now has over 9,800 stores in the United States and Canada.

Canada-based convenience store operator Alimentation Couche-Tard, which owns Holiday and Circle K, had also expressed interest in buying the stores.

Seven & i will acquire Speedway between January and March next year and expects the acquisition to push up its operating profit in fiscal 2024.

The deal, which is expected to close in the first quarter of 2021, includes a 15-year fuel supply agreement for about 7.7 billion gallons per year associated with the Speedway business, said Marathon, the largest US refiner by volume.

Iker Casillas announces retirement after 22-year playing career
He lifted five La Liga titles and the Champions League on three occasions during his time at the Santiago Bernabeu. A pure Real Madrid product, Casillas spent 16 years with the first team to make 725 appearances.

The Speedway gas station and convenience store at 4300 Derry St., in Swatara Township before it closed.August 29, 2019.

The prospect of a shrinking population in Japan means limited room for retailors to grow at home.

Along with many other retailers, Seven & i's profits have been hit hard by stay-at-home orders during the pandemic.

The largest acquisition by a Japanese firm of an overseas company was Takeda Pharmaceutical Co's 6.97 trillion yen takeover of Irish drugmaker Shire Plc, completed in 2019.

Related News:

  • Russian Federation  plans coronavirus vaccination program from October

    Russian Federation plans coronavirus vaccination program from October

    Clinical trials of coronavirus vaccine developed by Russia's Gamaleya Institute have been completed. Few confirmable details have been released on either effort.
    Indian Kashmir under curfew ahead of 'black day' anniversary

    Indian Kashmir under curfew ahead of 'black day' anniversary

    The minister noted that India was giving a false impression about the resumption of normalcy in occupied Kashmir. Hundreds remain under house arrest or behind bars to this day, mostly without charge.
    ADT stock soars 65% after $450 million Google investment

    ADT stock soars 65% after $450 million Google investment

    On the monitoring side, ADT does work closely with police forces, who often respond when a security alert is triggered. The U.S. smart-home market is experiencing "explosive gains", DeVries said and is projected to grow 20% annually.
  • England v Pakistan, first Test

    England v Pakistan, first Test

    Which TV channels will broadcast the first Test between England and Pakistan? You have to play good cricket on the day. In India, Pakistan and other subcontinent countries, the match will be available to watch on Sony Six and Sony ESPN.
    Three rescued from Pacific island after writing SOS in sand

    Three rescued from Pacific island after writing SOS in sand

    Pikelot Island, which is only 450 metres long, is part of the Caroline Islands, a scattered archipelago in the western Pacific. The HMAS Canberra joined the operation while returning to Australia and sailed overnight to reach the search area.
    Cristiano Ronaldo bags ultra-rare, R160 million Bugatti Centodieci

    Cristiano Ronaldo bags ultra-rare, R160 million Bugatti Centodieci

    Cristiano Ronaldo is a global celebrity known for his brilliance on the football field and who has a lavish lifestyle off it. It's rear-mid mounted W16 engine features a quad-turbocharger setup producing 1,600hp - an increase of 100hp over the Chiron.
  • Sean Penn And Much Younger GF Leila George Are Married!

    Sean Penn And Much Younger GF Leila George Are Married!

    As mentioned, this is Penn's third time up the aisle, having been previously married to Madonna and Robin Wright . Philanthropist Irena Medavoy announced the special and exciting news that that the couple recently tied the knot.
    Big 12 elects to play 10 in 2020

    Big 12 elects to play 10 in 2020

    The ACC, Big Ten and Pac-12 have all made a decision to run with a conference-only model without a non-conference opponent. Kansas and Oklahoma are tentatively scheduled to begin the year on August 29 with home games against FCS opponents.
    Cheeseman beats Eggington in Fight Camp barnstormer

    Cheeseman beats Eggington in Fight Camp barnstormer

    Featherweight Jordan Gill secured a points win over Reece Bellotti, who suffered a cut over his right eye during the sixth round. Eggington seemed to be controlling the fight early on behind his jab until he came close to being dropped in the second round.
  • Massive explosion near port area rocks Lebanon's capital city of Beirut

    Massive explosion near port area rocks Lebanon's capital city of Beirut

    Another video taken from the sea showed a huge mushrooming smoke cloud as a shock wave ran through the water towards the camera. The explosion appeared to be centred around Beirut's port and caused wide scale destruction and shattered windows miles away.
    TikTok must find USA  buyer by September  15 or shut down

    TikTok must find USA buyer by September 15 or shut down

    The company also said it may invite other American investors to take minority stakes in the company. The President's requirement that some of the money from the deal go to the U.S.
    Stats be damned: US President Donald Trump gets in televised stat spat

    Stats be damned: US President Donald Trump gets in televised stat spat

    As of Tuesday, more than 4.7 million people have tested positive for COVID-19 in the US and more than 156,500 people have died. COVID numbers in a mind-blowing argument with Axios' Jonathan Swan ". "Much worse than South Korea, Germany, etc".

Most liked

Outer Bands of Hurricane Isaias Buffet Florida's Vero Beach
Mayor Carlos Gimenez said the county had 20 evacuation centers on standby that could be set up with covid-19 safety measures. Officials in Florida say they're closing beaches, marinas and parks in Miami-Dade County beginning Friday night.

Portia de Rossi breaks silence on wife Ellen DeGeneres
Bec Judd has taken aim at Ellen DeGeneres amid the controversy surrounding bullying claims among the talk show queen's staff. Responding to a People magazine report about Brad Garrett's tweet, Lea Thompson tweeted on Friday: "True story".

Jaguars activate QB Gardner Minshew off reserve/COVID-19 list
Minshew, who will be entering his second season, will be the most discussed player during training camp. When Nick Foles went down with a shoulder injury in Week 1, Minshew was asked to take his place.

Here are just some of the records Taylor Swift's Folklore has broken
The album also broke the first-day album streams record for a female artist, with 80.6 million global plays in 24 hours. Chart rules now prevent an artist from having more than three tracks in the Top 100 at any given time.

Israel Folau refuses to kneel in English Super League return
Some players and staff chose not to take the knee - that was personal choice and as a group we respected personal choice". On the pitch on Sunday, St Helens enjoyed a resounding 34-6 win as Super League returned from the coronavirus shutdown.

Dwayne "The Rock" Johnson buys the XFL for $15 million
Spring football is a hard challenge, as the Alliance of American Football found out in 2019, not lasting a full season, either.

WhatsApp Search Feature Fights Fake News
A magnifying glass icon will start appearing next to messages that have been forwarded through a chain of five or more people. With the search the web feature, users will be able to see a magnifying glass button next to a forwarded message.

Vietnam confirms 21 more cases in new virus outbreak
Vietnam imposed a strict lockdown and travel ban early on, with the knowledge that the health system could not cope with a mass outbreak in mind.

Leclerc doubts Ferrari's low downforce approach will work at Silverstone
It has been confirmed for some time now that Vettel will be leaving Ferrari at the end of the current campaign, and the German admitted that has not made things easy with races coming thick and fast after lockdown. "Let alone what someone like Vettel could do with a vehicle like that", Berger says to Sportbuzzer.de.

Indian Premier League to be held in UAE from September
India's case load has surpassed 18 lakh with over 38,000 deaths. Franchisees have been told to prepare for the visa process. Major Decisions (Formal clearance by next week) 1.

Trump flips on TikTok, urges big USA sales cut
In ByteDance's proposal, it suggested that Microsoft could be in charge of protecting all of TikTok's United States user data. TikTok is an app that allows users to create short videos and is particularly popular with teens and young people.

At least three dead, many injured in Afghan prison attack
The Afghan government, under USA pressure, has freed around 4,600 Taliban prisoners named on a list compiled by the insurgents. Afghan security forces keep watch near the site of an attack on a jail compound in Jalalabad, Afghanistan, on August 3, 2020.

Apple Removes 29,800 Apps From China Store
The loophole existed only on the Iphone, as community Chinese Android suppliers by now adhered to the rule with no exception. The removed apps are said to belong to companies that don't report Apple license numbers.

Trump says Treasury deserves 'large percentage' of possible TikTok sale to Microsoft
Bytedance and has come under fire by some commentators who say the app collects a great amount of personal data from its users. People familiar with the company said that Douyin and TikTok's algorithms are handled by engineers in Beijing and Shanghai .

Isaias regains hurricane strength, expected to make landfall tonight
Authorities closed Florida beaches, parks and virus testing sites, lashing signs to palm trees so they wouldn't blow away. Unfortunately, the highest rainfall totals from Isaias will be north and west. "So stay safe", he added.