Springfield Local Business

Springfield Local Business

Local business in Springfield, OH

  • Jul 31, 2014 | via CSP 

    Speedway: FTC Says Yes to Hess

    Marathon Petroleum Corp. has received notice from the Federal Trade Commission that it concluded its review of the acquisition of Hess Retail Holdings LLC gas station and convenience store network by its Speedway subsidiary, MPC president and CEO Gary R. Heminger said during the company's second-quarter 2014 earnings call on July 31. "We continue to believe that there is significant opportunity to leverage the best of both businesses--Hess fuel sales volume with Speedway's industry-leading merchandise sales per store," he continued. "We believe this acquisition will be a source of long-term value to MPC and provides for enhanced strategic opportunity for the business over time."

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