Gibson Energy is set to acquire the South Texas Gateway Terminal (STGT) LLC, in a cash deal valued at $1.1 billion, expanding its North American terminal footprint. The newly built South Texas Gateway Terminal, a high-quality crude oil export facility, has positioned itself as a globally competitive liquids terminal and export facility with direct pipeline […]
Convenience stores company 7-Eleven has wrapped up its previously announced $21 billion acquisition of convenience store chain Speedway from Marathon Petroleum. Speedway’s portfolio includes nearly 3,800 stores, which are located in 36 states across the US. The deal was announced last August. Commenting on 7-Eleven acquisition of Speedway, Joe DePinto – President and CEO of […]
7-Eleven acquisition of Speedway : Convenience stores company 7-Eleven has agreed to acquire the Speedway convenience store chain from US petroleum refining company Marathon Petroleum for $21 billion in an all-cash deal. Under the terms of the deal, 7‑Eleven, which is a fully-owned, indirect subsidiary of Japan-based Seven & i Holdings, will acquire nearly 3,900 […]
Marathon Petroleum, a US petroleum refining company has signed an agreement to acquire its rival Andeavor for $23.3 billion. Marathon acquisition of Andeavor is anticipated to result in a leading US integrated energy company with a $90bn plus initial enterprise value. The enlarged Marathon Petroleum following the merger with Andeavor will be headquartered in Findlay, […]
Marathon Acquisition of Andeavor : US petroleum refining company Marathon Petroleum has agreed to acquire rival oil refining company Andeavor (formerly known as Tesoro) for $23.3 billion. Marathon Acquisition of Andeavor Marathon acquisition of Andeavor is expected to create a top US integrated energy company with an initial enterprise value of over $90 billion, and […]