(Dave Bedard photo)

Deal for Subway chain worth up to US$9.55 billion

Arby's, Jimmy John's parent wins with 'earn-out' deal

New York | Reuters — Private equity firm Roark Capital agreed on Thursday to buy Subway, in a deal that people familiar with the matter said values the U.S. sandwich chain at up to US$9.55 billion, including debt, subject to targets in its financial performance. The deal marks the conclusion of a drawn-out auction that […] Read more

(Dave Bedard photo)

Subway reportedly nears sale to Arby’s owner

Chain's parent firm considering sale since February

Reuters — Roark Capital, which owns restaurant chains Arby’s and Buffalo Wild Wings, is nearing a deal to buy sandwich chain Subway for about US$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 […] Read more