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7-ELEVEN AGREES TO ACQUIRE 183 EXXONMOBIL LOCATIONS IN FLORIDA

ORLANDO, FLA. — Dallas-based 7-Eleven has signed an agreement to acquire ExxonMobil's retail interests in 183 Florida locations. The transaction is expected to close in early 2011, subject to standard closing conditions and regulatory approvals. Terms of the deal were not released. The acquisition includes a combination of company- and dealer-owned sites located in Orlando, Southwest Florida, Palm Beach and Broward County, Fla. The 183 sites include five unused parcels of land. Additionally, the majority of the locations will be rebranded as 7-Eleven operations, and all will retain the Mobil gasoline brand. Currently, 7-Eleven operates and franchises 610 stores in Florida.

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