• Thu, Apr. 6, 10:17 AM
    • Sunoco's (SUN +22.2%) sales of 7-Eleven stores to Seven & i Holdings (OTCPK:SVNDY) has analysts scrambling to gauge potential winners and losers.
    • There's the added competitive pressure on convenience store chains run by Kroger (NYSE:KR), Casey's General Stores (CASY +1.8%), Alimentation Couche-Tard (OTCPK:ANCUF), Murphy USA (MUSA +2.5%) and QuikTrip to consider if 7-Eleven continues to grow in the U.S. On the other side of the equation, RBC Capital thinks Marathon Petroleum (MPC +1.5%) could benefit as the Sunoco deal implies a valuation of the Speedway chain of $9.6B to $11.3B. Other chains could fall into the M&A spotlight if C-store chains look to combine.
    • There could be more action from Seven & i down the road. "The U.S. is a market of large potential," says President Ryuicki Isaka.
    • Previously: Seven & i to buy Sunoco assets for $3.3B (April 6)
    Thu, Apr. 6, 10:17 AM | 29 Comments
  • May 14, 2015, 9:47 PM
    • Consolidation in the grocery industry could pick up even more, observes Supermarket News.
    • A large merger between Albertsons and Safeway (NYSE:SWY) has been followed by talks between Delhaize (NYSE:DEG) and Ahold (OTCQX:AHONY).
    • The increased push by Wal-Mart and Target in the sector has added pressure to leverage store growth through M&A.
    • "There is mounting pressure in the supermarket industry to consolidate operations to drive better purchasing power and leverage distribution and technology platforms," notes Wolfe Research.
    • Kroger (NYSE:KR) is seen as a likely candidate to look for a chain to acquire.
    • Previously: Ahold, Delhaize confirm merger talks (May 12)
    May 14, 2015, 9:47 PM | 9 Comments
  • Sep. 11, 2012, 4:18 PM
    Casey's General Stores (CASY) [[acquires 22 convenience stores]] from Kum & Go for an undisclosed sum. The stores are located in Iowa, Missouri and North Dakota. The deal is subject to satisfactory inspection reports related to the stores, and is expected to close in November 2012. Shares -3.6% AH. Sep. 11, 2012, 4:18 PM
  • Jun. 13, 2011, 11:47 AM

    After failing to win over Casey's General Stores (CASY), Canada's Alimentation Couche-Tard (ANCUF.PK) makes another south-of-the-border incursion, into California, with a deal to buy 322 "high-volume, high-impact" convenience-store sites and an additional 65 reseller contracts from Exxon Mobil (XOM).

    Jun. 13, 2011, 11:47 AM