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Sandwich chain Subway agrees to sell itself to Roark Capital

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Sandwich chain Subway has agreed to sell itself to private equity firm Roark Capital, the company said on Thursday, amid its struggles with intensifying ...

Sandwich chain Subway has agreed to sell itself to private equity firm Roark Capital, the company said on Thursday, amid its struggles with intensifying competition and rising costs.

 

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Sandwich chain Subway agrees to sell itself to private equity firm Roark CapitalThe terms of the deal were not disclosed, but Reuters reported earlier this week that Roark was in the lead to acquire the privately held restaurant company for well over US$9-billion
Source: globeandmail - 🏆 5. / 92 Read more »