Major convenience store sale in the works

7-Eleven Corporation buying TETCO stores

Author: Paul Venema, Reporter, pvenema@ksat.com
Published On: Aug 09 2012 06:01:52 PM CDT   Updated On: Aug 09 2012 06:54:37 PM CDT
CONVERSE, Texas -

Judging from the activity at a TETCO convenience store in Converse, the sale of TETCO stores to the 7-Eleven Corporation may be a done deal.

The store at FM 78 and FM 1516 was changing signs outside.

Though the new signs are covered with black plastic sheets, it is obvious that the familiar 7-Eleven logo is underneath.

TETCO executives would only say that there is a deal being considered that involved their store and hotel properties in Texas and nine other states.

But they would not confirm or offer specifics of the pending sale.

Financial publications report that the number of properties may go as high as 280 stores.

The 7-Eleven Corporation has not released any information concerning the sale.