7-Eleven Owner to Buy Marathon’s Speedway

The video discusses 7-Eleven's expansion in North America, adding 3,900 stores to reach 14,000, making it the largest convenience store chain in the region. The acquisition strategy includes buying stores attached to gas stations, a model that has proven successful. Despite economic uncertainty, the deal was finalized, partly due to pressure on Marathon Oil to generate revenue amid low oil prices. The strengthening yen against the dollar also made the deal more favorable for 7-Eleven.

How many stores did 7-Eleven add to their chain in North America?

• 4,200

• 5,000

• 2,500

• 3,900

What type of stores did 7-Eleven previously acquire?

• Standalone convenience stores

• Convenience stores attached to gas stations

• Supermarkets

• Department stores

Why was the timing of the acquisition deal surprising?

• Because of high oil prices

• Because of the pandemic and economic uncertainty

• Due to economic stability

• Due to a lack of competition

What was the main reason for Marathon Oil to sell part of their business?

• Expansion plans

• Low oil prices and financial pressure

• Pressure from activist investors

• High oil prices

How did the exchange rate affect the deal for 7-Eleven?

• It delayed the deal

• It had no effect

• It made the deal cheaper

• It made the deal more expensive