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Hess To Spin Off or Sell 1,250 Convenience Stores

Corporate Separation Intended to Increase Opportunities for Expansion
CoStar News
January 13, 2014 | 11:19 AM

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.

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