A company whose market capitalization isn’t even $1 billion is going up against one of the world’s biggest energy companies to acquire TravelCenters of America.
Convenience store operator ARKO (NASDAQ: ARKO) announced Friday it was the company that made a $92-per-share offer to acquire TA, which has an agreement in place to be sold to BP (NYSE: BP) for $86 per share.
That there was another offer at a higher price was revealed in the TA (NASDAQ: TA) proxy filing with the Securities and Exchange...