MORE: State board asked to approve $700K for Speedway expansion in Enon
According to Bloomberg sources, Seven & i Holdings Co., was considering a takeover and any acquisition of Speedway could value at more than $20 billion.
For TDR, sources told Bloomberg that the private equity firm was interested in merging Speedway with EG Group and that transaction could be be worth an estimated $26 billion.
MORE: No plans to move Speedway HQ after company goes public
Marathon Petroleum announced in October that it would be spinning off Speedway, which is based in Enon.
Speedway is one of the largest employers in the region and has over 2,000 employees locally. The convenience store chain has 40,000 employees nationally, Marathon spokesman Jamal Kheiry told the News-Sun at the time.