Deals
Subway Sandwich Chain Is Exploring a Sale After Record-Setting Year
- Announcement confirms earlier reports chain seeks a deal
- Restaurant brand has about 37,000 locations around the world
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Subway, one of the world’s largest restaurant chains, said it’s exploring a possible sale — offering a rare opportunity to nab a truly global brand.
The announcement Tuesday confirms earlier reports that the Milford, Connecticut-based company is shopping itself to potential suitors. Bloomberg News reported last month that a deal could value the closely held company at more than $10 billion.