Marathon Petroleum (MPC) is again engaging in discussions with potential buyers for a sale of its gas station Speedway unit, according to a report from the Wall Street Journal. Shares in MPC rose 6% in Thursday’s after-hour trading.Canada’s Alimentation Couche-Tard was one of the buyers reportedly interested in a deal, although no valuation was provided.The news follows a pre-Covid 19 Bloomberg report that MPC was working on a $22 billion sale of Speedway to Japan’s Seven & I, which fell apart during the crisis.MPC is still targeting a spinoff of Speedway for 1Q21. The US’s largest refiner was previously looking …read more
Source:: Yahoo Finance
