Shareholder Alert: Ademi LLP investigates whether TravelCenters of America Inc. has obtained a Fair Price in its transaction with BP

MILWAUKEE, Feb. 16, 2023 /PRNewswire/ -- Ademi LLP is investigating TravelCenters (NASDAQ: TA) for possible breaches of fiduciary duty and other violations of law in its transaction with BP. 

Click here to learn how to join the action https://www.ademilaw.com/case/travelcenters-america-inc or call Guri Ademi toll-free at 866-264-3995.  There is no cost or obligation to you.

Ademi LLP alleges TravelCenters' financial outlook and prospects are excellent and yet TravelCenters shareholders will receive only $86 per share, or an aggregate equity valuation of approximately $1.3 billion. The transaction agreement unreasonably limits competing bids for TravelCenters by imposing a significant penalty if TravelCenters accepts a superior bid. TravelCenters insiders will receive substantial benefits as part of change of control arrangements.

We are investigating the conduct of TravelCenters' board of directors, and whether they are (i) fulfilling their fiduciary duties to all shareholders, and (ii) obtaining a fair and reasonable price for TravelCenters.

If you own TravelCenters common stock and wish to obtain additional information, please contact Guri Ademi either at [email protected] or toll-free: 866-264-3995, or https://www.ademilaw.com/case/travelcenters-america-inc.                       

We specialize in shareholder litigation involving buyouts, mergers, and individual shareholder rights throughout the country. For more information, please feel free to call us. Attorney advertising. Prior results do not guarantee similar outcomes.

Ademi LLP                                                                                        
Guri Ademi
Toll Free: (866) 264-3995
Fax: (414) 482-8001

SOURCE Ademi LLP