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TravelCenters Stands By Decision To Reject Arko's $1.4B Bid

By Elaine Briseño (March 28, 2023, 6:17 PM EDT) -- Truck stop chain TravelCenters of America is pushing back against criticism from Arko Corp. about not accepting the convenience store operator's $1.4 billion merger offer, saying Arko's lack of committed financing and undesirable credit rating make the offer inferior to its deal with BP, not superior, despite the higher price tag....

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