LUBBOCK, TX - 7‑Eleven, Inc., announced on Thursday it agreed to an asset purchase with Sunoco LP for most Stripes and APlus convenience stores. The deal also includes the Laredo Taco Company.
The deal does not include all Stripes locations.
“About 200 convenience stores in North and West Texas, New Mexico and Oklahoma will be sold separately,” the Dallas Morning News reported.
The Dallas Morning News said the deal was worth $3.3 billion. The deal was expected to close in the second half of 2017.
7-Eleven said, “As part of the agreement, 7‑Eleven will acquire approximately 1,108 convenience stores located in 18 states.”
“7‑Eleven, Inc. has 8,707 stores in the United States and Canada. This acquisition will be one of the largest in 7‑Eleven, Inc.’s history, and it will bring 7‑Eleven, Inc.’s total number of stores to 9,815 in the U.S. and Canada,” 7-Eleven said.
The Dallas Morning News said, “7-Eleven declined to comment about whether it will keep the Stripes brand or if it plans to convert the stores to 7-Eleven.”
The Stripes website listed 24 locations in Lubbock. The 7-Eleven website produced an error when searching for Lubbock store locations but according to Google Maps, more than a dozen 7-Eleven stores were listed in Lubbock.
CLARIFICATION: This story has been updated to indicate roughly 200 stores will be sold separately.
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