Dechert Antitrust Practice Advises Jacksons on Purchase of 63 Stores as Divestitures for 7-Eleven’s $21 Billion Acquisition of Speedway
Today the Federal Trade Commission announced its approval of a consent decree resolving competitive concerns related to 7-Eleven, Inc.’s $21 billion acquisition of Speedway from Marathon Petroleum Corp. Dechert LLP’s Antitrust/Competition practice advised Jacksons Food Stores/Jackson Energy (Jacksons) on its purchase of 63 fuel outlets and convenience stores as part of this settlement.
Jacksons is a vertically integrated and nationally recognized chain of more than 264 company-operated fuel outlets and convenience stores in the Western United States. According to its press release, this transaction will enable Jacksons to expand into key markets with 59 new locations in California alone, bringing the Jacksons and ExtraMile by Jacksons brands to customers in the State of California.
The Dechert antitrust team advising Jacksons was led by partner James A. Fishkin and senior associate Dennis S. Schmelzer in Washington, D.C.
With dedicated antitrust/competition lawyers in Brussels, Frankfurt, New York, Paris, Philadelphia, and Washington D.C., Dechert’s antitrust/competition practice develops creative solutions for clients around the world to the most complex challenges in merger clearance, litigation, investigations, and business planning. Named “Practice Group of the Year” in 2020 and 2019 by Law360, publications consistently rank the practice as a global leader in antitrust/competition. The practice also created the Dechert Antitrust Merger Investigation Timing Tracker, better known as DAMITT. The quarterly report is the leading source of analysis for significant U.S. and EU merger investigation and litigation trends.
Dechert is a leading global law firm with 24 offices around the world. We advise on matters and transactions of the greatest complexity, bringing energy, creativity and efficient management of legal issues to deliver commercial and practical advice for clients.