Special Report: 7-Eleven & Sunoco, the Complete Story
Why Sunoco is selling, and why 7-Eleven is buying
DALLAS & IRVING, Texas -- With the sale of more than 1,100 company-operated convenience stores in 18 states to 7-Eleven, Sunoco LP made clear its intention to shift its focus away from retail and toward wholesale fuel distribution.
And 7-Eleven Inc.’s more than $3.3 billion purchase of approximately 1,100 company-operated convenience stores in 18 states from Sunoco LP is its largest acquisition ever.
CSP Daily News takes a look at the forces driving the deal: