The Japanese owner of 7-Eleven is buying the Speedway chain of gas stations from Marathon Petroleum for $21 billion.
The two firms announced the cash deal in a statement late Sunday. It's one of the biggest acquisitions in the world to be announced since the coronavirus pandemic hit earlier this year. 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.
