7-Eleven Buying Gas Station Franchise

7-Eleven Buying Gas Station Franchise

7-Eleven's parent company is buying Speedway gas stations in a $21 billion all-cash deal.

After tax, the deal will bring in roughly $16.6 billion for Marathon Gas.

Marathon hopes to use the sale to "strengthen [the] balance sheet." Business Insider reports the deal will create a 7-Eleven presence in 47 of the top 50 most populated metro areas With the addition of Speedway locations, Seven & I Holdings will have roughly 14,000 locations in the US and Canada.