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Alon Brands withdraws $100 million US IPO

May 8, 2012
ABO

Alon Brands, which operates 7-Eleven convenience stores and markets the FINA brand of motor-fuels, withdrew its plans for an initial public offering on Tuesday. Alon Brands made its initial filing in November 2008 to raise $100 million. The Dallas, TX-based company was founded in 2002 and booked $1 billion in sales for the 12 months ended 12/31/2010.