7-Eleven To Acquire 28 Locations In Western US From Pacific Convenience & Fuels

MarketWatch:

7-Eleven, Inc. announced today that it has agreed to acquire the retail interests of 28 locations from Pacific Convenience & Fuels LLC (PC&F). Located in the western half of the U.S., the acquisition includes sites in California, Oregon, Washington and Colorado.

The transaction is expected to close in the fourth quarter of 2011, subject to closing conditions and regulatory approvals. Terms of the deal were not disclosed.

The 28 sites include two unused parcels of land. All of the locations will eventually be rebranded as 7-Eleven® store operations, and all will retain the Conoco-Phillips/76 gasoline brands, allowing customers to continue to purchase branded fuel and use their existing credit cards issued under that brand.

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