"Gas stations (not toys) lose Hess ID" Associated Press May 23, 2014
FINDLAY, Ohio — The Hess name will disappear from gas stations following a $2.87 billion deal to sell the chain to Marathon Petroleum’s Speedway — but the holidays will still see the popular Hess toy truck.
The deal gives Marathon Petroleum the retail operations of Hess, the largest chain of company-operated gas stations and convenience stores on the East Coast.
Hess stations will all be rebranded as Speedway over three years.
The deal also keeps the Hess toy truck on holiday wish lists — this year marks the 50th anniversary of the toy trucks, an institution on the East Coast.
Hess Corp. has been reshaping itself as a pure production and exploration company since coming under pressure from the hedge fund Elliott Capital Management in 2013....
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