---
schema_version: "secwatch.filing_event.v1"
accession: "0000950170-23-014239"
form_type: "8-K"
ticker: "ARKO"
cik: "0001823794"
company_name: "ARKO Corp."
filed_at: "2023-04-25T23:59:59+00:00"
generated_at: "2026-06-16T16:44:27.718467+00:00"
event_type: "m_and_a"
sentiment: "negative"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# ARKO offers $92/share for TravelCenters, $6 premium over BP's bid, urges board to reconsider

## Summary
- ARKO proposes $92 per share for TravelCenters, a $6+ premium (approx. 7%) over BP's $86 per share offer.
- ARKO states its proposal has no financing contingency, citing discussions with Oak Street Capital and its acquisition track record.
- ARKO criticizes TravelCenters' board for limited engagement (a single 30-min call) and for not deeming ARKO's proposal superior.
- TravelCenters' board reaffirmed its recommendation for the BP deal and rejected ARKO's proposal as not superior.
- ARKO notes that TravelCenters' own fairness opinion includes fair value up to $124.01 per share, supporting a higher bid.

## SEC filing metadata
- accession: 0000950170-23-014239
- form_type: 8-K
- ticker: ARKO
- cik: 0001823794
- company_name: ARKO Corp.
- filed_at: 2023-04-25T23:59:59+00:00
- event_type: m_and_a
- sentiment: negative
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1823794/000095017023014239/0000950170-23-014239-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1823794/000095017023014239/arko-20230425.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950170-23-014239
- JSON: https://secwatch.observer/filing/0000950170-23-014239.json
- Plain text: https://secwatch.observer/filing/0000950170-23-014239.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.