Roark Capital, which owns restaurants Arby’s and Buffalo Wild Wings, is nearing a deal to buy sandwich chain Subway for about $9.6 billion, the Wall Street Journal reported Monday,
A deal could be finalized this week, the report said, citing people familiar with the matter.
“Subway does not intend to make any further public comment regarding the process until the transaction has been completed,” the company told Reuters in an emailed statement.
Reuters reported earlier this month that private equity firms TDR Capital and Sycamore Partners were in talks to team up in their pursuit to acquire Subway, which in February said it was exploring a possible sale of its business.
A deal could be finalized this week, the report said, citing people familiar with the matter.
“Subway does not intend to make any further public comment regarding the process until the transaction has been completed,” the company told Reuters in an emailed statement.
Reuters reported earlier this month that private equity firms TDR Capital and Sycamore Partners were in talks to team up in their pursuit to acquire Subway, which in February said it was exploring a possible sale of its business.
Subway reportedly nears deal to be bought by Arby’s owner for $9.6B
Roark has been battling it out with a group of rival private-equity firms including TDR and Sycamore, and pulled ahead in recent days, the report said, adding a deal could be finalized this week.
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