Corporate News

Corporate news affecting the convenience store industry

U.S. same-store merch. sales rise 4.8%; gas 40.7%

DALLAS -- 7-Eleven Inc. has reported total August 2005 sales of $1.2881 billion, an increase of 17.9% over August 2004 sales of $1.0921 billion. Total merchandise sales for August 2005 were $762.6 million, an increase of 6.1% over the August 2004 total of $718.7 million. U.S. same-store merchandise...

Greenhill & Co., Weil, Gotshal & Manges to evaluate Seven-Eleven Japan offer

DALLAS -- 7-Eleven Inc. has announced that the special committee of its board of directors has retained Greenhill & Co. LLC as its financial advisor and Weil, Gotshal & Manges, LLP as its legal advisor to assist the special committee with its evaluation of the unsolicited tender offer...

Conway Oil Co. is contemplating an exit from convenience retailing following the sale of 16 of its 24 Winners stores to the Canadian giant.

ALBUQUERQUE, N.M. -- As Alimentation Couche-Tard continues its ascent toward the top of the North American convenience store heap, Conway Oil Co. is contemplating an exit from convenience retailing following the sale of 16 of its 24 Winners stores to the Canadian giant. The sites will be operated...

38 stores from three companies for sale in Ark., Minn., Mo., Texas, Wis.
Matlock a c-store industry veteran
Will help grocer compete with mass merchandisers
Lukoil to guarantee $475 million loan
Couche-Tard seeking 200 Circle K employees missing after Katrina
Ohio State Senator Jeff Armbruster will continue to own two Shell gas stations, but has lost 18 of his other stations as part of a recent bankruptcy settlement.
FTC withdraws objection after throughput agreement

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