Subway Explores Sale at over $10 Billion - Reuters

Sandwich chain Subway is exploring a sale of its business, a source told Reuters on Wednesday.

The sale could value the sandwich chain at more than $10 billion, the Wall Street Journal first reported.

The process, which is at an early stage, is expected to attract potential corporate buyers and private-equity firms, the report said, adding that it is possible there won’t be a sale or other deal.

“As a privately held company, we don’t comment on ownership structure and business plans,” a company spokesperson told Reuters in an emailed statement.

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