Subway agrees to sale to Roark Capital, ending nearly 6 decades of family ownership

Subway agrees to sale to Roark Capital, ending nearly 6 decades of family ownership

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Subway agreed to sell itself to private equity firm Roark Capital, the sandwich chain announced on Thursday. Roark beat out a late challenge from a rival bidding group led by TDR Capital and Sycamore Partners, which also submitted a final bid of more than $9 billion, Reuters reported, citing…

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