Haslam family sells Berkshire Hathaway remaining 20% share of Pilot Travel Centers
The Haslam family has sold its remaining 20% ownership interest in truck-stop giant Pilot Travel Centers to Berkshire Hathaway, both sides announced Tuesday. The sale, whose terms were not disclosed, was announced more than a week after the Haslams and Berkshire Hathaway settled a billion-dollar Delaware Chancery Court lawsuit over an accounting method that the family complained would artificially depress the sale price of its stake in Pilot Travel Centers. That settlement avoided what was scheduled to be a two-day trial beginning Jan. 8, with testimony from Berkshire Hathaway Vice Chairman Greg Abel, the designated successor to company CEO Warren Buffett. "Berkshire Hathaway now owns 100% of Pilot Travel Centers," Berkshire said in a statement, which also
