|Bid||85.90 x 4000|
|Ask||86.50 x 800|
|Day's Range||86.40 - 86.90|
|52 Week Range||31.19 - 87.17|
|Beta (5Y Monthly)||1.47|
|PE Ratio (TTM)||7.84|
|Earnings Date||May 01, 2023 - May 05, 2023|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||86.00|
Superior Proposal of $92 per share backed by additional capacity, underscoring ARKO’s confidence in obtaining financing for a potential transactionRICHMOND, Va., March 29, 2023 (GLOBE NEWSWIRE) -- ARKO Corp. (Nasdaq: ARKO) (“ARKO”), a Fortune 500 company and one of the largest convenience store operators in the United States, today issued a letter to TravelCenters of America’s (NASDAQ: TA) (“TravelCenters”) Board, setting forth additional details of ARKO’s financing in connection with its propos
TravelCenters of America on Tuesday confirmed Arko Corp's $1.4 billion takeover offer is not superior to its existing proposal from British energy giant BP Plc. Store operator Arko said on Monday it had made a buyout offer for TravelCenters, which was higher than BP's $1.3 billion bid in mid-February. But TravelCenters' board said Arko's proposal did not constitute a superior offer and had a high level of execution risk due to the latter's inability to secure committed financing.
WESTLAKE, Ohio, March 28, 2023--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.