TravelCenters of America LLC (TA) News
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TA News Highlights
- TA's 30 day story count now stands at 8.
- Over the past 21 days, the trend for TA's stories per day has been choppy and unclear. It has oscillated between 1 and 2.
- The most mentioned tickers in articles about TA are BP and ARKO.
Latest TA News From Around the Web
Below are the latest news stories about TRAVELCENTERS OF AMERICA INC that investors may wish to consider to help them evaluate TA as an investment opportunity.
bp expands mobility and convenience network completing the purchase of leading travel center operator, TravelCenters of AmericaToday BP Products North America Inc., a wholly owned indirect subsidiary of BP p.l.c. (NYSE: bp), completed its $1.3 billion acquisition of TravelCenters of America Inc. (Nasdaq: TA), one of the country's leading full-service travel center operators, marking a milestone for the US in the growth of bp's strategic convenience and mobility business and welcoming thousands of additional employees into bp. |
TravelCenters of America Stockholders Approve Pending BP TransactionWESTLAKE, Ohio, May 10, 2023--TravelCenters of America Inc. (Nasdaq: TA), the nationwide operator and franchisor of the TA, Petro Stopping Centers and TA Express travel center brands, today announced that, at its Special Meeting of Stockholders held earlier today, TA stockholders voted to approve TA’s merger with and into a wholly-owned indirect subsidiary of BP p.l.c. (NYSE: BP). As previously announced, under the terms of the merger agreement between TA and BP’s wholly-owned subsidiary, BP’s w |
Leading Independent Proxy Advisory Firms, ISS and Glass Lewis, Recommend TA Shareholders Vote "FOR" Pending BP TransactionWESTLAKE, Ohio, May 01, 2023--TravelCenters of America Inc. (Nasdaq: TA) today announced that leading independent proxy advisory firms Institutional Shareholder Services ("ISS") and Glass Lewis & Co. ("Glass Lewis") have recommended that TA shareholders vote "FOR" the previously announced all-cash acquisition of TA by BP Products North America Inc. ("BP") in advance of TA’s upcoming Special Meeting of Shareholders scheduled for May 10, 2023. As previously announced, under the terms of the pendin |
Proxy adviser ISS backs TravelCenters' proposed $1.3 bln deal with BPShareholder advisory firm Institutional Shareholder Services Inc (ISS) urged investors in TravelCenters of America Inc to vote for the company’s planned $1.3 billion sale to BP Plc, saying it "presents higher certainty of completion." In March, convenience store operator Arko Corp submitted an unsolicited rival bid worth $1.4 billion, or $92 per share, for TravelCenters. TravelCenters has so far rebuffed Arko's advances, saying the deal had a high level of execution risk due to the latter's inability to secure committed financing. |
TravelCenters of America (TA) Reports Q1 Loss, Misses Revenue EstimatesTravelCenters (TA) delivered earnings and revenue surprises of -133.33% and 1.78%, respectively, for the quarter ended March 2023. Do the numbers hold clues to what lies ahead for the stock? |
TravelCenters of America Inc. Announces First Quarter 2023 Financial ResultsWESTLAKE, Ohio, April 26, 2023--TravelCenters of America Inc. (Nasdaq: TA) today announced financial results for the quarter ended March 31, 2023. |
TravelCenters of America (TA) Jumped on Acquisition AnnouncementBernzott Capital Advisors, an investment management firm, published its “US Small Cap Value Fund” first-quarter 2023 investor letter, a copy of which can be downloaded here. In the first quarter, the fund was flat on a net basis (-0.06%) compared to R2000V’s decline of -0.7% and R2500V’s rise of +1.4%. Financials was the leading contributor towards […] |
Following Engagement with ARKO, TA Board Reaffirmed ARKO Proposal is Not Superior to Pending BP TransactionWESTLAKE, Ohio, April 24, 2023--TravelCenters of America Inc. (Nasdaq: TA) today announced that after TA requested and received a contractual waiver from BP Products North America Inc. ("BP"), TA engaged with ARKO Corp. ("ARKO") to diligence its proposal. Following this engagement, TA’s Board of Directors reaffirmed that ARKO’s proposal is neither a superior proposal nor could it reasonably be expected to lead to a superior proposal. The Board reconfirms its recommendation that shareholders vote |
7 Oil Stocks to Buy for the Spring SurgeOil has been a great place to invest for the last several quarters, and OPEC's recent moves make these oil stocks to buy even more enticing. |
TravelCenters of America Announces Expiration of Hart-Scott-Rodino Act Waiting PeriodWESTLAKE, Ohio, April 11, 2023--TravelCenters of America Inc. (Nasdaq: TA) today announced that the 30-day waiting period imposed by the Hart-Scott-Rodino Act ("HSR Act") in connection with its pending acquisition by BP Products North America Inc. ("BP") expired at 11:59 p.m. on April 10, 2023, without action by the Federal Trade Commission. |