A PYMNTS Company

FTC Approves Final Order Requiring Divestitures Of Hundreds Of 7-Eleven Stations

By  |  November 11, 2021

Following a public comment period, the Federal Trade Commission has approved a final order settling charges that 7-Eleven’s acquisition of Marathon’s Speedway subsidiary violated federal antitrust laws.  

    Get the Full Story

    Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required.

    yesSubscribe to our daily newsletter, PYMNTS Today.

    By completing this form, you agree to receive marketing communications from PYMNTS and to the sharing of your information with our sponsor, if applicable, in accordance with our Privacy Policy and Terms and Conditions.

    According to the modified complaint, the acquisition harmed competition for the retail sale of fuel in 292 local markets across Arizona; California; Florida; Illinois; Indiana; Kentucky; Massachusetts; Michigan; North Carolina; New Hampshire; Nevada; New York; Ohio; Pennsylvania; Rhode Island; South Carolina; Tennessee; Utah; Virginia, and West Virginia.  The Commission modified the complaint to remove a single divestiture location that no longer presents a competitive concern as one of the party assets is exiting the market independent of the acquisition.

    The modified final order requires, among other conditions, that 7-Eleven, Inc. and Marathon divest 124 retail fuel outlets to Anabi Oil, 106 outlets to Cross America Partners, and 62 outlets to Jacksons Food Stores. The order also prohibits 7-Eleven from enforcing any noncompete provisions as to any franchisees or employees working at or doing business with the divested assets.

    The Commission vote to approve the final order was 3-0-1, with Chair Lina M. Khan not participating.  

    Want more news? Subscribe to CPI’s free daily newsletter for more headlines and updates on antitrust developments around the world.