The company’s counteroffer was again rebuffed and, while it questioned TA’s engagement on the matter, Arko acknowledged that time may have run out.| C-Store Dive
New court documents note that the retailer has an “immediate” need to use the funds towards selling the entire company as it proceeds through bankruptcy.| C-Store Dive
Days after filing for Chapter 11 bankruptcy protection, the retailer and fuel supplier has received post-petition financing tied to a sale process, court documents show.| C-Store Dive
The retailer’s c-stores are expected to maintain normal operations during this reorganization.| C-Store Dive