Hess To Spin Off or Sell 1,250 Convenience Stores

Source:  CoStar

Hess Corp. believes its retail subsidiary is being overshadowed by the oil conglomerate's refining operations and has decided to pursue a dual path to separate out is convenience store business; one through a potential spin off into a separate company, or two through the outright sale of the business. Hess Retail Corp. is the biggest operator of convenience stores along the East Coast and the fifth largest in the United States by number of company...

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