Earnings tomorrow + very bullish news.
🔥 $MPC
Marathon Petroleum announces agreement for $21B sale of Speedway (thefly.com/permalink...r-B-sale-of-Speedway)
Marathon Petroleum announced that it and certain of its subsidiaries have entered into a definitive agreement with 7-Eleven, a wholly owned, indirect subsidiary of Seven & i Holdings, whereby 7-Eleven will acquire Speedway for $21B in cash. The transaction is expected to close in the first quarter of 2021, subject to customary closing conditions and regulatory approvals.
🔥 $MPC
Marathon Petroleum announces agreement for $21B sale of Speedway (thefly.com/permalink...r-B-sale-of-Speedway)
Marathon Petroleum announced that it and certain of its subsidiaries have entered into a definitive agreement with 7-Eleven, a wholly owned, indirect subsidiary of Seven & i Holdings, whereby 7-Eleven will acquire Speedway for $21B in cash. The transaction is expected to close in the first quarter of 2021, subject to customary closing conditions and regulatory approvals.