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Business deals

Seven & i in talks on $22bn takeover of US gas station chain

Deal for Speedway's 4,000 outlets would expand Japanese company's US presence

Seven & i Holdings, the operator of 7-Eleven convenience stores in Japan, expects stable profits if it acquires the Speedway U.S. gas station chain.

TOKYO -- Japan's Seven & i Holdings has entered into exclusive negotiations with U.S. petroleum refiner Marathon Petroleum to buy its Speedway gas station division for about $22 billion, Nikkei learned on Thursday.

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