Sandwich chain Subway to sell itself for $9.55 billion
Thursday, 24 August 2023 Subway would sell itself to private equity Roark Capital for $9.55 billion after agreeing to attach conditions to some of the windfall the two families that own it will get, sources said, ending a long-drawn auction that saw several competing bids.These conditions, known as an earn-out, defer payment on part of the deal consideration, the sources familiar with the matter said.
Subway Ends Family-Owned Run, , Sells to Private Equity Firm.
CNN reports that Subway has ended a six-month
search for a buyer and will be sold to
private equity firm Roark Capital.
CNN reports that Subway has ended a six-month
search for a buyer and will be sold to
private equity firm Roark...
Thursday, 24 August 2023
