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ENON, Ohio, June 5, 2012 - (ACN Newswire) - Speedway LLC announced today that it has signed an agreement to acquire 10 convenience stores throughout Ohio and Northern Kentucky from Road Ranger LLC in exchange for cash and one truck stop location in the Chicago metropolitan area. The transaction is anticipated to close by the end of July 2012, subject to customary due diligence and other closing considerations.
About Speedway LLC
Speedway LLC, headquartered in Enon, Ohio, owns and operates the nation's fourth largest convenience store chain, with approximately 1,460 locations in seven states in the Midwest. Speedway is an indirect wholly owned subsidiary of Marathon Petroleum Corporation (NSYE: MPC). For further information about Speedway, visit the company's website at http://www.speedway.com .
About Road Ranger LLC
Road Ranger LLC a privately-held company headquartered in Rockford, Illinois, is one of the fastest growing truck stop and gasoline convenience store operators in the United States with approximately 80 locations in seven Midwestern states. For further information about Road Ranger, please visit the company's website at http://www.roadrangerusa.com .
Media Relations Contacts
Speedway LLC
Shane Pochard
+1-419-421-4327
spochard@marathonpetroleum.com
Road Ranger LLC
Steven Brooks
+1-815-387-1700
sbrooks@roadrangerusa.com
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(i) the releases contained herein are protected by copyright and other applicable laws; and
(ii) they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: Marathon Petroleum Corporation via Thomson Reuters ONE
Copyright (c) Thomson Reuters 2012. All rights reserved.
Topic: Press release summary
Source: Marathon Petroleum Corporation
https://www.acnnewswire.com
From the Asia Corporate News Network
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