Subject: BP pays huge premium for Pilot competitor
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/...

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