NASDAQ:TA

TravelCenters of America Inc. Announces Intention to Delist 8.25% Senior Notes Due 2028, 8.00% Senior Notes Due 2029, and 8.00% Senior Notes Due 2030 (Nasdaq: TANNI; TANNL; TANNZ) from the Nasdaq

Retrieved on: 
Tuesday, May 16, 2023
Petro, Depository Trust & Clearing Corporation, TravelCenters of America, Communication, Parent, Tripura Merger Agreement, Risk, Debt-to-GDP ratio, Commonwealth of Australia (US securities entity), TA, Multimedia, Depository Trust Company, Sale, Mergers and acquisitions, Acquisition, Annual report, CUSIP, U.S. Bancorp, News, Form 8-K, Nintendo of America, Inc. vs. Blockbuster LLC., Cryptocurrency, Security (finance), Note

As a result, TA expects the delisting of the Notes to become effective on or about June 5, 2023, from which time the Notes will no longer be listed on the Nasdaq.

Key Points: 
  • As a result, TA expects the delisting of the Notes to become effective on or about June 5, 2023, from which time the Notes will no longer be listed on the Nasdaq.
  • TA has not made arrangements for the listing and/or registration of the Notes on another national securities exchange or quotation medium.
  • TA announced today that it will redeem all of the Notes outstanding on June 15, 2023 (the "Redemption Date").
  • TA has instructed the trustee for the Notes, U.S. Bank National Association (the "Trustee"), to distribute a notice of redemption to all registered holders of the Notes.

TravelCenters of America Stockholders Approve Pending BP Transaction

Retrieved on: 
Wednesday, May 10, 2023
Mobile, Wireless, Oil, Gas, Other Travel, Energy, General Automotive, Transportation, Technology, Automotive, Travel, Trucking, Transport, Other Automotive, Petro, BP P.L.C. v. Mayor and City Council of Baltimore, TravelCenters of America, TA, BP, NYSE, PPM America, Inc., Bangladesh Securities and Exchange Commission, Holding company

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, at its Special Meeting of Stockholders held earlier today, TA stockholders voted to approve TA’s merger with and into a wholly-owned indirect subsidiary of BP p.l.c.

Key Points: 
  • 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, at its Special Meeting of Stockholders held earlier today, TA stockholders voted to approve TA’s merger with and into a wholly-owned indirect subsidiary of BP p.l.c.
  • (NYSE: BP).
  • The transaction price represents an 84% premium to TA’s average trading price over the 30 days ending February 15, 2023, the date the BP merger agreement was signed.
  • TA stockholders approved the BP merger with more than 72% of the shares outstanding and 93.0% of the total shares voted in favor of the merger.

Leading Independent Proxy Advisory Firms, ISS and Glass Lewis, Recommend TA Shareholders Vote “FOR” Pending BP Transaction

Retrieved on: 
Monday, May 1, 2023
Mobile, Wireless, Oil, Gas, Other Travel, General Automotive, Transportation, Energy, Technology, Convenience Store, Automotive, Travel, Retail, Trucking, Transport, Petro, Communication, Institutional Shareholder Services, TA, TravelCenters of America, Eta, Glass Lewis, Internet, Acquisition, BP, Annual report, Glass, Form 8-K, PPM America, Inc., ISS, Country, Security (finance), Internet service provider

TravelCenters of America Inc. (Nasdaq: TA) today announced that leading independent proxy advisory firms Institutional Shareholder Services (“ISS”) and Glass Lewis & Co. (“Glass Lewis”) have recommended that TA shareholders vote “FOR” the previously announced all-cash acquisition of TA by BP Products North America Inc. (“BP”) in advance of TA’s upcoming Special Meeting of Shareholders scheduled for May 10, 2023.

Key Points: 
  • TravelCenters of America Inc. (Nasdaq: TA) today announced that leading independent proxy advisory firms Institutional Shareholder Services (“ISS”) and Glass Lewis & Co. (“Glass Lewis”) have recommended that TA shareholders vote “FOR” the previously announced all-cash acquisition of TA by BP Products North America Inc. (“BP”) in advance of TA’s upcoming Special Meeting of Shareholders scheduled for May 10, 2023.
  • As previously announced, under the terms of the pending transaction, BP will acquire all of the outstanding shares of TA common stock for $86.00 per share in cash.
  • TA shareholders of record as of the close of business on March 23, 2023, are eligible to vote on the pending transaction and are encouraged to do so as soon as possible.
  • The TA Board of Directors unanimously recommends TA shareholders to vote “FOR” all proposals, including following ISS and Glass Lewis’ recommendations by voting “FOR” the proposal to approve the merger.

TravelCenters of America Inc. Announces First Quarter 2023 Financial Results

Retrieved on: 
Wednesday, April 26, 2023
Technology, General Automotive, Mobile, Wireless, Retail, Transportation, Travel, Oil, Gas, Automotive, Trucking, Energy, Restaurant, Bar, Convenience Store, Transport, Specialty, BP P.L.C. v. Mayor and City Council of Baltimore, BP, EBITDA, TA, EBITDAR, GAAP, Conference, NYSE, Bank

On February 16, 2023, TA announced that it has entered into a merger agreement with BP Products North America Inc., or bp, a subsidiary of BP p.l.c.

Key Points: 
  • On February 16, 2023, TA announced that it has entered into a merger agreement with BP Products North America Inc., or bp, a subsidiary of 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.
  • First Quarter 2023 Conference Call:
    As a result of the merger agreement announcement, TA will not hold a conference call for its results for the first quarter 2023.
  • Adjusted net (loss) income, EBITDA, adjusted EBITDA, and adjusted EBITDAR are non-GAAP financial measures.

SHAREHOLDER ALERT: Weiss Law Reminds MLVF, SHBI, CBIO, and TA Shareholders About Its Ongoing Investigations

Retrieved on: 
Thursday, April 27, 2023
TravelCenters of America, GNI, First Bank of Nigeria, TA, First Bank, Multimedia, Community, Acquisition, BP, Law, Sony Computer Entertainment America, Inc. v. Hotz, Security (finance)

Weiss Law is investigating possible breaches of fiduciary duty and other violations of law by the board of directors of Malvern Bancorp, Inc. (NASDAQ: MLVF), in connection with the proposed acquisition of MLVF by First Bank ("First Bank").

Key Points: 
  • Weiss Law is investigating possible breaches of fiduciary duty and other violations of law by the board of directors of Malvern Bancorp, Inc. (NASDAQ: MLVF), in connection with the proposed acquisition of MLVF by First Bank ("First Bank").
  • Under the merger agreement, MLVF shareholders will receive 0.7733 shares of First Bank common stock, plus $7.80 in cash for each outstanding MLVF share, representing implied per-share consideration of $15.28 based upon First Bank's April 26, 2023 closing price of $9.67.
  • Under the terms of the merger agreement, TA shareholders will receive $86.00 in cash for each share of TA common stock owned.
  • If you own TA shares and wish to discuss this investigation or your rights, please call us or visit our website: https://www.weisslaw.co/news-and-cases/ta
    View original content to download multimedia: https://www.prnewswire.com/news-releases/shareholder-alert-weiss-law-rem...

Moore Kuehn Encourages SGEN, TA, MNTV, and UNVR Investors to Contact Law Firm

Retrieved on: 
Tuesday, April 25, 2023
Symphony Technology Group, TravelCenters of America, PLLC, Univar Solutions, Wall Street, Fraud, BP, Pfizer, Security (finance), Bank, Seagen

Moore Kuehn may seek increased consideration, additional disclosures, or other relief on behalf of the shareholders of these companies.

Key Points: 
  • Moore Kuehn may seek increased consideration, additional disclosures, or other relief on behalf of the shareholders of these companies.
  • Moore Kuehn encourages shareholders who would like to discuss their rights to contact Justin Kuehn, Esq.
  • Shareholders should contact the firm immediately as there may be limited time to enforce your rights.
  • Moore Kuehn is a 5-star Google client-rated New York City law firm with attorneys representing investors and consumers in litigation involving securities laws, fraud, breaches of fiduciary duties, and other claims.

SHAREHOLDER INVESTIGATION: Halper Sadeh LLC Investigates TA, INDT, FOCS

Retrieved on: 
Monday, April 24, 2023
TravelCenters of America, Sale, BP, Advertising, Clayton, Dubilier & Rice, Life Partners, Inc., Fraud, Centerbridge Partners, Dubilier, PPM America, Inc., Security (finance)

If you are a TravelCenters shareholder, click here to learn more about your rights and options .

Key Points: 
  • If you are a TravelCenters shareholder, click here to learn more about your rights and options .
  • Focus Financial Partners Inc. (NASDAQ: FOCS)’s sale to affiliates of Clayton, Dubilier & Rice, LLC for $53.00 per share in cash.
  • Please call Daniel Sadeh or Zachary Halper at (212) 763-0060 or email [email protected] or [email protected] .
  • Halper Sadeh LLC represents investors all over the world who have fallen victim to securities fraud and corporate misconduct.

Following Engagement with ARKO, TA Board Reaffirmed ARKO Proposal is Not Superior to Pending BP Transaction

Retrieved on: 
Monday, April 24, 2023
Mobile, Wireless, Oil, Gas, Other Travel, Energy, General Automotive, Transportation, Technology, Automotive, Travel, Trucking, Transport, Other Automotive, Insurance, Letter, Policy, TA, TravelCenters of America, Sale, Acquisition, BP, Special, PPM America, Inc., Security (finance), Commercial property

TravelCenters of America Inc. (Nasdaq: TA) today announced that after TA requested and received a contractual waiver from BP Products North America Inc. (“BP”), TA engaged with ARKO Corp. (“ARKO”) to diligence its proposal.

Key Points: 
  • TravelCenters of America Inc. (Nasdaq: TA) today announced that after TA requested and received a contractual waiver from BP Products North America Inc. (“BP”), TA engaged with ARKO Corp. (“ARKO”) to diligence its proposal.
  • Following this engagement, TA’s Board of Directors reaffirmed that ARKO’s proposal is neither a superior proposal nor could it reasonably be expected to lead to a superior proposal.
  • The Board reconfirms its recommendation that shareholders vote FOR TA’s pending merger with BP, which, subject to shareholder approval, is scheduled to close on May 15, 2023.
  • Under the terms of the pending transaction, BP will acquire all of the outstanding shares of TA common stock for $86.00 per share in cash.

Moore Kuehn Encourages GLOP, TA, SUMO, and HSKA Investors to Contact Law Firm

Retrieved on: 
Tuesday, April 11, 2023
TravelCenters of America, Mars, Incorporated, PLLC, Mars, Wall Street, Logic, BP, Francisco Partners, Fraud, Security (finance), Bank, David Heska Wanbli Weiden

Moore Kuehn may seek increased consideration, additional disclosures, or other relief on behalf of the shareholders of these companies.

Key Points: 
  • Moore Kuehn may seek increased consideration, additional disclosures, or other relief on behalf of the shareholders of these companies.
  • Moore Kuehn encourages shareholders who would like to discuss their rights to contact Justin Kuehn, Esq.
  • Shareholders should contact the firm immediately as there may be limited time to enforce your rights.
  • Moore Kuehn is a 5-star Google client-rated New York City law firm with attorneys representing investors and consumers in litigation involving securities laws, fraud, breaches of fiduciary duties, and other claims.

TA Stock Alert: Halper Sadeh LLC Is Investigating Whether the Sale of TravelCenters of America Inc. Is Fair to Shareholders

Retrieved on: 
Tuesday, April 11, 2023
Class Action Lawsuit, Professional Services, Legal, PPM America, Inc., TravelCenters of America, Fraud, TA, BP, Advertising, Sale, Security (finance)

Halper Sadeh LLC, an investor rights law firm, is investigating whether the sale of TravelCenters of America Inc. (NASDAQ: TA) to BP p.l.c.

Key Points: 
  • Halper Sadeh LLC, an investor rights law firm, is investigating whether the sale of TravelCenters of America Inc. (NASDAQ: TA) to BP p.l.c.
  • for $86.00 per share in cash is fair to TravelCenters shareholders.
  • On behalf of TravelCenters shareholders, Halper Sadeh LLC may seek increased consideration for shareholders, additional disclosures and information concerning the proposed transaction, or other relief and benefits.
  • Halper Sadeh LLC represents investors all over the world who have fallen victim to securities fraud and corporate misconduct.