Travelcenters of america to be acquired by bp for $86.00 per share, or approximately $1.3 billion

Westlake, ohio--(business wire)--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 it has entered into a merger agreement with bp p.l.c. (nyse: bp), pursuant to which bp will acquire all of the outstanding shares of ta common stock for $86.00 per share in cash.
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