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Subway price could be cut to $7B as fast-food auction delayed: sources

Por: New York Post Business April 10, 2023

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An auction of Subway Restaurants has drawn lackluster interest from prospective buyers — forcing the sandwich chain to push back bidding deadlines and raising the possibility of a lower sale price, The Post has learned. Insiders are now pegging a takeout price for the fast-food giant at upwards of $7 billion — well short of the $10 billion it had been seeking when news of the auction was on Jan. 11. After taking an initial round of bids in... + full article



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