Speedway gas stations may be getting a new owner if a deal from the owners of 7-Eleven goes through.

According to sources for Bloomberg, Seven & i Holdings Co. (SVNDY), the Japanese owner of 7-Eleven, and Marathon Petroleum Corp. (MPC), the owner of Speedway, are currently in talks over a $22 billion deal for the gas stations.

The purchase by 7-Eleven is reportedly expected to be announced next week, with financing currently being lined up for the transaction. Sources for the news outlet said that the deal is not final and could change.

Speedway has about 4,000 locations in the U.S. that are thought to be worth as much as $18 billion, including debt. Seven & i Holdings had more than 69,000 stores in 18 countries and regions at the end of 2018.

7-Eleven is not the only bidder that could offer a deal for Speedway. Reportedly TDR Capital has shown interest in the gas stations, which could merge with its EG Group – its U.K. gas station operator – in an estimated $26 billion cash and stock deal, Bloomberg reported.

Shares of 7-Eleven stock were down 8.79% at 11:27 a.m. EST on Thursday while shares of Marathon Petroleum stock were up 3.55% at the same time.

7-eleven
Talk about a birthday celebration. Just before the Dallas-based company began celebrations for its 85th birthday with Free Slurpee Day, a baby named Cais Malley, nicknamed "Big Gulp," was born at a 7-Eleven in Florida. Reuters
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