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Stocks A to Z / Stocks B / Berkshire Hathaway (BRK.A)
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Author: rnam ✧  😊 😞
Number: of 15062 
Subject: BP pays huge premium for Pilot competitor
Date: 02/16/2023 12:03 PM
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BP (NYSE:BP) on Thursday agreed to acquire TravelCenters of America (NASDAQ:TA) for $86/share in cash, valuing the operator of travel centers and truck service facilities in North America at ~$1.3B; shares are halted.

The $86/share sale price represents an 84% premium to the average trading price of the 30 days ended February 15.

The acquisition will add ~280 TravelCenters of America (TA) sites spanning 44 U.S. states into the BP (BP) portfolio.

https://seekingalpha.com/news/3937142-bp-buys-trav...

Buffett's deal to buy Pilot Company looks even better now.
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