Subway to Officially Explore Sale of Operations
Fast food sandwich chain Subway announced that it would explore a possible sale of the company on February 14, roughly a month after the Wall Street Journal reported that the company was in the early stages of the process.
The company stated that there is no timetable or assurance that a sale will occur at all. Subway also announced that J.P. Morgan will advise the company and lead the sale exploration process.
“The management team remains committed to the future and will continue to execute against its multi-year transformation journey, which includes...
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