"The acquisition of over 1,000 Sunoco stores supports our accelerated growth strategy, and we look forward to serving these great new customers." The transaction closed days after an agreement with Federal Trade Commission (FTC) required 7-Eleven to sell 26 retail fuel outlets that it owns to Sunoco, and Sunoco to retain 33 fuel outlets that 7-Eleven otherwise would have acquired. According to the FTC, the original acquisition agreement for roughly 1,100 retail sites — which was announced in April — would have harmed competition in 76 local markets across 20 metropolitan statistical areas, violating federal antitrust law, as CSNews Online previously reported. Sunoco will convert the acquired or retained stations from company-operated sites to commission agent sites, and it will have full control over fuel pricing and supply at all of these locations. The deal is a strategic divestiture on Sunoco's part as it shifts its focus to fuel distribution and logistics.