An unsolicited offer from an unidentified prospective buyer of Travel Centers of America is getting a thumbs-down from TA’s directors, advising shareholders to approve BP’s bid for the truck stop operator.
In the company’s proxy filing Wednesday with the Securities and Exchange Commission, which among other things spells out various items required for shareholder approval, TA (NASDAQ: TA) revealed that it received a bid for the company on March 14. The identity of Party G was not disclosed, only...