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7-Eleven $3.3 billion acquisition of Sunoco convenience stores

6/4/2017
Public acquisition
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$ 3.3 billion

Announced

6/4/2017

Overview:

  • 7-Eleven has acquired 1,110 convenience stores from Sunoco in a $3.3 billion deal.
  • 7-Eleven is owned by Japan's Seven & i Holdings.
  • Part of the deal includes a provision that Sunoco will supply a 7-Eleven operator unit with 2.2 billion gallons of fuel yearly.
  • If completed, this will be 7-Eleven's biggest deal ever.
  • The transaction is expected to close in August 2017.

Kurt Stumpo - Journalist

Jurisdictions:

United States
Japan

Deal type:

Public acquisition

Practice area:

M&A

Industry sector:

Consumer goods and services

Firms:
Akin Gump Strauss Hauer & Feld

Party: 7-Eleven (Acquirer)

Lawyers: John Goodgame, Thomas Yang

Vinson & Elkins

Party: Sunoco (Seller)

Lawyer: Lande Spottswood

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