Travel Centers of America is failing and will declare bankruptcy within five years.

So they avoid bankruptcy by finding a buyer. They had to do something - no one was believing that adding a coat of paint and some leather chairs would take care of all the deferred maintenance they had and their credit cards were maxed out.

Oil giant BP buying major truck stop chain TravelCenters

This will be interesting. BP’s board of directors has been invaded by Chicken Little Climate Change folks at the behest of leftist investment groups so they’re now an energy company that effectively hates oil & gas derived energy.

The price BP paid wasn’t as high as it seems. They paid a 9.6 stock Price-to-Earnings ratio, double what the price was a week ago but way beneath the 29.6 P/E ratio for the market as a whole. A 66% discount to the market is pretty cheap.