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KNOXVILLE, Tenn. (AP) -- Pilot Travel Centers LLC has completed its $1.8 billion purchase of Flying J Inc.'s chain of truck stops and travel plazas with an agreement to sell some locations to a competitor.
The FTC is requiring the Knoxville-based owner of the largest travel center network in the United States to sell 26 locations to Love's Travel Shops and Country Stores, based in Oklahoma City, Okla.
An FTC statement Wednesday said Pilot has agreed to sell the locations to resolve "competitive concerns."
The FTC has voted to approve the purchase of Ogden, Utah-based Flying J.
A Pilot Flying J statement said the network of more than 550 interstate travel centers has more than 20,000 employees.
(Copyright 2010 by The Associated Press. All Rights Reserved.)
