TITLE

Speedway Wins Bid for Hess Retail Network

PUB. DATE
June 2014
SOURCE
Convenience Store News;Jun2014, Vol. 50 Issue 6, p16
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
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.
ACCESSION #
96524592

 

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