Japan’s Seven & i, which runs the 7-Eleven convenience store chain, confirmed on Feb. 20 that it was considering alliances and acquisitions after reports that it was in discussions to buy Marathon Petroleum’s Speedway petrol stations.
Seven & i said in a statement that it had not decided on any acquisitions. However, it did not deny reports by Bloomberg and Nikkei that it was in exclusive talks to buy the Speedway business in the United States for $22 billion.Seven & i’s shares closed at 3,920 yen on Feb. 20, 8.8% lower than on Feb. 19.
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