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7-Eleven parent makes $3.3B deal for Sunoco c-stores

Seven & I Holdings, the Japanese parent of 7-Eleven, will purchase 1,110 Sunoco convenience stores in Texas and the Eastern U.S. in a $3.3 billion deal. The move is part of Seven & I’s bigger expansion into the U.S. c-store market, which also includes last year’s purchase of 79 CST Brands gas stations and convenience stores in Wyoming and California. Read the The New York Times story here

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