The Haslam family is out of Pilot Travel Centers.
The legal battle between the Haslams and Berkshire Hathaway (NYSE: BRK.B) over the travel centers’ valuation was settled last week, the truce announced the day the case was to go to trial in Delaware Chancery Court. With that compleeted, the founding family exercised its “put option,” which required Berkshire to buy the 20% of PTC it did not already own.
The two companies announced the transaction late Tuesday.
“Pilot started with one gas station...
https://www.freightwaves.com/news/haslams-sell-final-20-stake-in-pilot-to-berkshire-hathaway