TravelCenters of America LLC : Announces the Completion of the Sale of its Standalone Convenience Stores Business
This strategic divestment is a significant step in support of TAs strategy to be a more focused leader in the travel center industry. The sale of the convenience stores business will allow us to address the companys leverage, focus more on our core travel centers business and thoughtfully pursue our growth programs.
The aggregate sale price amount is subject to a customary post-closing adjustment based on the final working capital balance, but TA currently expects that any such adjustment will not be material.
A Form 8-K will be filed in conjunction with the sale that includes pro forma financial statements.
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