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Sunoco Sells 1,110 Convenience Stores To 7-Eleven

It’s a perfect corporate match: Sunoco wants to focus on fuel and get out of the convenience store business, while 7-Eleven’s parent company wants to expand in the United States. In a $3.3 billion deal, Sunoco will hand over 1,110 stores, and 7-Eleven will buy fuel for them from Sunoco for the next 15 years. [More]