Sandwich Chain Subway Nears Deal To Be Bought For $9 Billion

The Subway sandwich chain is on the verge of a deal valued at over $9 billion, and an announcement could be made as early as Wednesday, according to an individual familiar with the situation.

Competing bids for the sandwich chain were required by Tuesday. These bids came from Roark Capital and a consortium consisting of private equity firms TDR and Sycamore, NDTV reported.

The victor in this endeavor is anticipated to be the highest bidder, with the agreement being an all-cash transaction.

READ MORE: https://www.ndtv.com/world-news/sandwich-chain-subway-nears-deal-to-be-bought-for-9-billion-report-4320757

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