No one wants Subway
July 14, 2023
Subway, which put itself up for sale in February, is now seeking new bidders after failing to secure the $10 billion price tag it was seeking. The chain has extended the bidding deadline and is searching for new suitors, according to sources. Previous bidders were private equity firms that struggled with financing, leading to a weak sales process and valuations that did not meet Subway’s expectations.
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