TravelCenters of America, which operates truck stops across the country under the TA brand, is getting bought by BP America.
The price of the acquisition is approximately $1.3 billion, or $86 per share. TA stock (NASDAQ: TA) closed Wednesday at $49.44 per share, for a premium of about 84% to the closing price.
“Today’s announcement that BP is acquiring TA for $86 per share is a result of the successful implementation of our turnaround and strategic plans,” TA’s CEO Jonathan Pertchik said in a...
https://www.freightwaves.com/news/oil-giant-bp-buying-major-truck-stop-chain-travelcenters