Travelcenters of america confirms arko corp. proposal is not superior to the previously announced bp transaction

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.
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