Corporate News

Corporate news affecting the convenience store industry

Reorg to capitalize on Petro synergies

WESTLAKE, Ohio -- Two months after acquiring the Petro Stopping Centers chain, TravelCenters of America has announced a reorganization that it says could, collectively with other synergies with Petro Stopping Centers, save the company $16 million a year. We have recently implemented plans for a...

Through the years, Ryan Oil Co. and Quality State Oil have never really been rivals in the Sheboygan, Wis.-area gasoline and convenience-store market.

SHEBOYGAN, Wis. -- Through the years, Ryan Oil Co. and Quality State Oil have never really been rivals in the Sheboygan, Wis.-area gasoline and convenience-store market; more like friendly colleagues in competition. So when Muriel Ryan decided to retire after 33 years in the oil business, she...

Sodini: Will allow share buying under favorable market conditions to fund acquisitions, new stores

SANFORD, N.C. -- The Pantry Inc. said that its board has authorized a share repurchase program of up to $35 million for each of fiscal 2007 and fiscal 2008 but not to exceed an aggregate of $50 million. Peter J. Sodini, president and CEO, said Consistent with our goal to deliver long-term value to...

Filed Ch. 11 in January; 24 locations, six fuel supply agreements to be auctioned off
Realty arm closes on sale of shopping centers; c-stores unaffected
After 35 years in business, Belcher Oil Co., Murray, Ky., has been sold to Max Arnold & Sons LLC, reported The Murray Ledger & Times.
Plans wider wholesale, retail distribution, acquisitions
Retailer selling 21 stores to strengthen asset base, trim smaller locations
Third "challenging" quarter forced chain to lower investor guidance.
Waddill's Markets Inc., doing business as Express Lane, filed for Chapter 11 bankruptcy protection on Friday.

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