TravelCenters of America

TravelCenters of America, Inc. engages in the operation and franchise of travel centers and convenience stores. The firm's products and services include diesel fuel and gasoline, truck repair and maintenance services, full service restaurants, quick serve restaurants, travel and convenience stores, and various driver amenities. It operates travel centers under TA Petro Stopping Centers and TA Express brand names. The company was founded on December 2, 1992 and is headquartered in Westlake, OH.

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TravelCenters of America is a publicly traded full-service travel center network that owns and operates travel center franchises. Among its brands are TA, Petro Stopping Centers, and TA Express. Diesel and gasoline fuel, truck maintenance and repair, full-service and quick-service restaurants, travel stores, car and truck parking, and other services dedicated to providing great experiences for its guests are among the services offered.

NEW YORK , April 5, 2023 /PRNewswire/ -- The following statement is being issued by Levi & Korsinsky, LLP: To All Persons or Entities who own TravelCenters of America Inc. (" TravelCenters" or the "Company") (NASDAQ: TA) common stock: You are hereby notified that Levi & Korsinsky, LLP has commenced an investigation into the fairness of the acquisition of TravelCenters  by BP Products North America Inc. ("BP"). On February 16, 2023, the Company announced that it had entered into an agreement and plan of merger (the "Merger") with BP, an indirect subsidiary of BP p.l.c.

SHAREHOLDER ALERT: Levi & Korsinsky, LLP Notifies Investors of an Investigation into the Fairness of the Merger Between TravelCenters of America Inc. and BP Products North America Inc.

NEW ORLEANS--(BUSINESS WIRE)--Former Attorney General of Louisiana Charles C. Foti, Jr., Esq. and the law firm of Kahn Swick & Foti, LLC (“KSF”) are investigating the proposed sale of TravelCenters of America Inc. (NasdaqGS: TA) to BP p.l.c. (NYSE: BP). Under the terms of the proposed transaction, shareholders of TravelCenters will receive $86.00 in cash for each share of TravelCenters that they own.

TRAVELCENTERS INVESTOR ALERT by the Former Attorney General of Louisiana: Kahn Swick & Foti, LLC Investigates Adequacy of Price and Process in Proposed Sale of TravelCenters of America Inc. - TA

ARKO

TravelCenters of America has shut the door on any further talks with Arko Corp. about its acquisition bid for the truck stop operator and will proceed with its plan to be bought by BP. In a proxy statement filed with the Securities and Exchange Commission on Monday, TA said it was reiterating the conclusion of its board of directors that the Arko bid “failed to constitute a Superior Proposal and could not reasonably be expected to lead to a Superior Proposal.

TA again rejects Arko bid, plans to proceed with acquisition by BP

WESTLAKE, Ohio--(BUSINESS WIRE)--TravelCenters of America Inc. (Nasdaq: TA) today announced that it filed its definitive proxy statement with the Securities and Exchange Commission (“SEC”) in connection with the pending acquisition of TA by BP Products North America Inc. (“BP”). Under the terms of the pending transaction, BP will acquire all of the outstanding shares of TA common stock for $86.00 per share in cash.

TravelCenters of America Files Definitive Proxy for BP Transaction

Convenience store operator Arko is not giving up its quest to acquire TravelCenters of America, despite the fact that TA's directors have voted unanimously to recommend TA sell to international oil giant BP. In a one-two punch of a press release and an 8-K filing with the Securities and Exchange Commission, Arko (NASDAQ: ARKO) said it was “surprised and disappointed” that TA (NASDAQ: TA) had “failed to engage at all with Arko” on its March 14 proposal to acquire the truckstop operator, and instead has affirmed that it will accept the bid from BP (NYSE: BP).

Arko says it can finance TA acquisition at price higher than BP offer

RMR Group

TravelCenters of America has again rejected the bid of convenience store operator Arko, citing debt ratings of its respective suitors to stick with the bid by BP to acquire the truck stop chain. Arko revealed itself as the unidentified “Party G” that TA (NASDAQ: TA) said Friday had made a last-minute bid that on paper surpassed the purchase proposal of BP.

TA: Arko's credit rating doesn't meet requirement for acquisition

WESTLAKE, Ohio--(BUSINESS WIRE)--TravelCenters of America Inc. (Nasdaq: TA) today confirmed that the Board of Directors (the “Board”) previously reviewed and determined that the conditional, unsolicited and unfinanced proposal from ARKO Corp. (Nasdaq: ARKO) to acquire TA is neither superior to the transaction TA previously agreed to with BP Products North America Inc. (“BP”) nor is it likely to lead to a superior proposal.

TravelCenters of America Confirms ARKO Corp. Proposal is Not Superior to the Previously Announced BP Transaction

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.

‘Acquisitive' convenience store chain Arko reveals itself as late TA bidder

Arko Corp. ARKO, +0.60% on Monday disclosed that it was the company that submitted a rival offer of $92 a share for TravelCenters of America Inc. TA, +0.88% . TravelCenters of America made the $92 offer public in a proxy filed last week, but didn't name Arko Corp., an Arko spokesperson told MarketWatch in an email.

Arko reveals it's a rival bidder for TravelCenters of America

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.

TA directors advise rejection of higher bid, sticking with BP as buyer

Zacks.com users have recently been watching TravelCenters (TA) quite a bit. Thus, it is worth knowing the facts that could determine the stock's prospects.

TravelCenters of America LLC (TA) Is a Trending Stock: Facts to Know Before Betting on It

WESTLAKE, Ohio--(BUSINESS WIRE)--TravelCenters of America Inc. (Nasdaq: TA), nationwide operator and franchisor of the TA, Petro Stopping Centers and TA Express travel center network, announced today exciting updates to its full-service restaurant business. Chef Maira Isabel now serves as TA's Corporate Executive Chef, and will focus on adding flavorful, healthy offerings and integrating food trends and regional specialties into the menus of TA's Country Pride and Iron Skillet restaurants.

TravelCenters of America Continues Enhancing Full-Service Restaurants

WESTLAKE, Ohio--(BUSINESS WIRE)--TravelCenters of America Inc. (Nasdaq: TA) today announced financial results for the three months and year ended December 31, 2022. Fourth Quarter 2022 Highlights: Net income of $46.8 million increased by $34.0 million, or 266.0%, and adjusted net income of $44.6 million improved by $31.4 million, or 238.1%, as compared to the prior year period. Adjusted EBITDA of $99.2 million increased by $46.3 million, or 87.5%, as compared to the prior year period.

TravelCenters of America Inc. Announces Fourth Quarter and Full Year 2022 Financial Results

NEW YORK , Feb. 22, 2023 /PRNewswire/ --  Juan Monteverde , founder and managing partner of the class action firm Monteverde & Associates PC (the "M&A Class Action Firm"), a national securities firm rated Top 50 in the 2018-2021 ISS Securities Class Action Services Report and headquartered at the Empire State Building in New York City, is investigating TravelCenters of America Inc. (NASDAQ: TA), relating to its proposed sale to BP plc. Under the terms of the agreement, TA shareholders are expected to receive $86.00 in cash per share they own.

STOCKHOLDERHOLDER ALERT: The M&A Class Action Firm Announces the Investigation of TravelCenters of America Inc. - TA

BP is acquiring TravelCenters of America for $86 cash. The deal is expected to close by mid-year 2023. The narrow discount of only 2% to the closing price suggests the market places a high probability on the deal closing.

TravelCenters of America: BP Merger Arb Is Too Small, Bonds Are A Better Deal

TRAVELCENTERS INVESTOR ALERT by The Former Attorney General of Louisiana: Kahn Swick & Foti, LLC Investigates Adequacy of Price and Process in Proposed Sale of TravelCenters of America Inc. - TA

NEW YORK , Feb. 17, 2023 /PRNewswire/ -- Weiss Law is investigating possible breaches of fiduciary duty and other violations of law by the board of directors of TravelCenters of America Inc. ("TravelCenters" or the "Company") (NASDAQ: TA) in connection with the proposed acquisition of the Company by BP p.l.c. (NYSE: BP).

SHAREHOLDER ALERT: Weiss Law Investigates TravelCenters of America Inc.

A day after the jolting news that BP America is buying TravelCenters of America, the energy transition benefits to the international oil giant become clearer.  And it looks like it was a good deal, too, at least according to Joseph Petrowski, a fuels market legend who has been CEO of various fuel distributors and is now affiliated with Brookwood Partners, active in the convenience store and fuels sector.

What BP likes in TA: Good price per outlet, environmental benefits

Wilmington, Delaware--(Newsfile Corp. - February 17, 2023) - Rigrodsky Law, P.A. is investigating TravelCenters of America Inc. ("TravelCenters") (NASDAQ: TA) regarding possible breaches of fiduciary duties and other violations of law related to TravelCenters' agreement to be acquired by BP p.l.c. Under the terms of the agreement, TravelCenters' shareholders will receive $86.00 per share in cash.To learn more about this investigation and your rights, visit: https://www.rl-legal.com/cases-travelcenters-of-america-inc.To contact Seth D. Rigrodsky or Gina M.

SHAREHOLDER ALERT: Rigrodsky Law, P.A. Is Investigating TravelCenters of America Inc. Buyout

TravelCenters (TA) was a big mover last session on higher-than-average trading volume. The latest trend in earnings estimate revisions might not help the stock continue moving higher in the near term.

Strength Seen in TravelCenters (TA): Can Its 70.8% Jump Turn into More Strength?

According to the average brokerage recommendation (ABR), one should invest in TravelCenters (TA). It is debatable whether this highly sought-after metric is effective because Wall Street analysts' recommendations tend to be overly optimistic.

Is It Worth Investing in TravelCenters (TA) Based on Wall Street's Bullish Views?

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Why ChargePoint, Lucid, and TravelCenters Soared This Week

MILWAUKEE , Feb. 16, 2023 /PRNewswire/ -- Ademi LLP is investigating TravelCenters (NASDAQ: TA) for possible breaches of fiduciary duty and other violations of law in its transaction with BP.  Click here to learn how to join the action https://www.ademilaw.com/case/travelcenters-america-inc or call Guri Ademi toll-free at 866-264-3995.

Shareholder Alert: Ademi LLP investigates whether TravelCenters of America Inc. has obtained a Fair Price in its transaction with BP

Electric vehicle charging appears to be one of the factors behind energy company BP's recently announced proposed purchase of TravelCenters of America.

EVs behind BP's $1.3B TravelCenters of America deal

Shares of TravelCenters of America soared higher after news broke that the company was being acquired by energy giant BP. This move higher creates great returns for shareholders in TravelCenters of America while allowing BP to get a great business for a great price.

News for TravelCenters of America Stock (TA)