Kirkland & Ellis LLP advised Hess Corporation (NYSE: HES), which today announced that it has agreed to sell its retail business to Speedway LLC, a subsidiary of Marathon Petroleum Corporation (NYSE: MPC), for total cash consideration of $2.6 billion. Hess Retail is the largest chain of company operated gas stations and convenience stores along the East Coast with 1,342 locations. The acquisition is expected to close in 2014.
Kirkland corporate partners Mark Director, Jeffrey Symons and Claire Sheng, and associates Brendan Reed and Eric Sibbern, lead the team.
