Pilot Travel Centers has been forced to shut 19 of its outlets due to the liquidation of those sites’ operator, Mountain Express.
TravelCenters of America shareholders voted overwhelmingly in favor of the proposed sale to BP.
TravelCenters of America brings up failed deal in argument for BP purchase.
A company with just under a 5% holding in TravelCenters of America wants the board to speak with Arko, whose bid for the company has been rejected so far.
TA expects to be bought by BP next month, but spurned suitor Arko is continuing to hone its offer for the truck stop giant.
TravelCenters of America has again rejected a takeover bid by convenience store operator Arko and plans to sell itself to BP.
In the latest back-and-forth between Arko and TA, Arko cites a specific financing amount it can obtain, arguing its bid to acquire the truck stop operator is superior to BP’s.
TravelCenters of America has again rejected a bid by convenience store operator Arko, which revealed itself as the late bidder competing with BP.
Convenience store chain Arko has been identified as the previously unknown bidder for TravelCenters of America.
