Love’s plans on adding as many as 2,000 truck parking spots this year, less than in recent years.
TravelCenters of America shareholders voted overwhelmingly in favor of the proposed sale to BP.
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.
TravelCenters of America has again rejected a takeover bid by convenience store operator Arko and plans to sell itself to BP.
Directors of TravelCenters are recommending that shareholders reject a new acquisition bid made by an unidentified company.
The long-planned acquisition of a bigger stake in Pilot by Berkshire Hathaway has been completed, and new data is expected to emerge as a result.
On Thursday, according to a news release, BP Products North America Inc., a subsidiary of BP, reached an agreement to purchase TravelCenters of America for $1.3 billion in cash. The purchase of TA is expected to add around 280 travel centers and double BP’s global convenience gross margin.
TravelCenters of America Inc. tops $3 billion in revenue for the second quarter.
This week: St. Christopher reaches a giving milestone and kicks off its Round Up Campaign with TA, the BTA announces a new board chairman and UPS holds its first Impact Summit.
But margins made on those diesel sales were down from 2Q and last year
Travel Centers of America reported stronger profits and sales for the third quarter as it added locations and sold more fuel at higher prices. Watch for International House of Pancakes restaurants to begin to replace TA’s Iron Skillet and Country Pride eateries.
