TOKYO -- Japan's retail giant Seven & i Holdings has dropped its plan to acquire the Speedway gas station chain in the U.S. for about $22 billion, Nikkei has learned.
Business deals
7-Eleven operator drops $22bn bid for Speedway gas stations
Japan's Seven & i deems US acquisition too expensive and risky
Seven & i, operator of the 7-Eleven convenience store chain, had previously hoped to expand its U.S. business as a pillar of growth due to a lack of prospects domestically. (Nikkei Montage/ Source photo by Reuters)
Read Next
Latest on Business deals
