Speedway Wins Bid for Hess Retail Network

June 2014
Convenience Store News;Jun2014, Vol. 50 Issue 6, p16
Trade Publication
The article focuses on announcement of 2.87 billion US dollar deal to acquire oil company Hess Corp. by convenience store operator Speedway LLC division of Marathon Petroleum Corp. (MPC) in the U.S. on May 22, 2014. Topics discussed include views of MPC chief executive officer Gary Heminger on owning of 2,733 stores by Speedway, notes of Speedway president Tony Kenney on savings of 75 million US dollar and intentions of Speedway to increase profit in foodservice and general merchandise.


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