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Company News: Quaker Steak Files Chapter 11, $25M Purchase Deal | November 16, 2015

Quaker Steak Files Chapter 11, $25M Purchase Deal

SHARON, Pa. – Quaker Steak & Lube announced late Monday that it is filing for Chapter 11 bankruptcy reorganization that includes a $25 million asset purchase agreement with TravelCenters of America. The acquisition deal is subject to court approval following a court-supervised auction during which the Travel Centers agreement would be subject to higher bids. […]