Couche-Tard, Seven & i and TDR to submit rival bids for Speedway: Reuters

Canadian convenience store operator Alimentation Couche-Tard, Japan's Seven & i Holdings Co and TDR Capital are preparing to submit rival bids for Marathon Petroleum Corp’s gas station network Speedway, reported Reuters.

Canadian convenience store operator Alimentation Couche-Tard, Japan’s Seven & i Holdings Co and TDR Capital are preparing to submit rival bids for Marathon Petroleum Corp’s gas station network Speedway, reported Reuters. The news wire noted that Speedway could now fetch between $15 billion and $17 billion. Laval, Quebec-based Couche-Tard is looking to team up with private equity firms, including Cerberus Capital Management and TDR.

Source: Reuters