Deals
TDR Considers Fresh Bid for Marathon’s Speedway Arm
- Buyout firm seeks financing, mulls joint bid with Couche-Tard
- Speedway gas-station business could fetch over $15 billion
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TDR Capital is considering a fresh run at U.S. gas station operator Speedway after owner Marathon Petroleum Corp. revived plans for a potential sale of the business that could fetch more than $15 billion, people familiar with the matter said.
The private equity firm is reaching out to banks to see how much financing it could raise for a Speedway bid, according to the people. Any offer would likely be in partnership with another suitor, the people said, asking not to be identified because the information is private.