The deal will see 7-Eleven, Inc. buy 100 7-Eleven-branded locations in central Oklahoma that have been operating independently for 67 years.
The transaction is anticipated to close within 60 to 90 days, subject to standard closing conditions and regulatory approvals. The 7-Eleven Stores purchase will bring the total number of 7-Eleven, Inc.‘s units in the U.S. and Canada to more than 9,700.
Joe DePinot, president and CEO of 7-Eleven, said: “Oklahoma has a growing economy, and this acquisition provides a great opportunity for us to expand regionally.”
Tokyo-based Seven & i Holdings Co., Ltd., the parent company of 7‑Eleven, Inc., operates almost 70,000 stores in 17 countries globally.
IMAGE: Quality Stock Arts / Shutterstock.com
