Marathon petroleum corp announces agreement for $21 billion sale of speedway

Announces agreement for $21 billion sale of speedway.7-eleven to acquire speedway in $21 billion all-cash transaction.$16.5 billion estimated after-tax cash proceeds expected to be used to strengthen balance sheet and return capital to shareholders.marathon petroleum - arrangement includes a 15-year fuel supply agreement for approximately 7.7 billion gallons per year associated with speedway.transaction has been unanimously approved by boards of directors of both companies.
MPC Ratings Summary
MPC Quant Ranking