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Business > Foreign Business
Subway to be bought for more than $9 billion
By Agence France-Presse
Aug 24, 2023 12:16 am

NEW YORK CITY: The Subway sandwich chain is near a deal to be acquired for more than $9 billion in a transaction that could be announced as soon as Wednesday, a person familiar with the matter said.

Bids for the sandwich chain were due on Tuesday, the person said, with competing offers from Roark Capital and a consortium that includes private equity firms TDR and Sycamore.

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