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Business deals

7-Eleven settles with US antitrust watchdog on $21bn Speedway deal

FTC orders retail-and-gas chain to sell some 300 sites, a fraction of its network

Japanese-owned convenience store and gas station chain 7‑Eleven said in May that the Speedway acquisition would bring its total North American portfolio to about 16,000 stores.   © Reuters

NEW YORK -- 7-Eleven will divest 293 retail fuel outlets in the U.S. to settle antitrust charges around its acquisition of Speedway from Marathon Petroleum, the Federal Trade Commission said Friday, suggesting a regulatory hurdle has been cleared for the $21 billion deal.

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