-Subway has agreed to sell itself to private equity firm Roark Capital in a deal valuing the sandwich chain at more than $9 billion, sources said, ending a long-drawn auction that saw several bids from buyout firms. 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, according to people familiar with the matter. Subway, which has roughly 37,000 restaurants in more than 100 countries, did not disclose the terms of the deal on Thursday.
The apparent death of Yevgeny Prigozhin in a plane crash is in keeping with the dramatic demises of a string of Russians who crossed Vladimir Putin.Royal Bank of Canada announced today that its board of directors has declared a quarterly common share dividend of $1.35 per share, payable on and after November 24, 2023, to common shareholders of record at the close of business on October 26, 2023.
78 billion, up from $10.93 billion in the same quarter last year. Provisions for credit losses amounted to $766 million, up from $351 million a year earlier. On an adjustedThe S&P 500 has given up about a quarter of its 2023 gains this month. Rising bond yields, China's woes, and a murky economic outlook are pressuring stocks.CALGARY — The Trans Mountain oil pipeline expansion project has run into another construction-related hurdle that could delay its completion.
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Sandwich chain Subway agrees to sell itself to private equity firm Roark CapitalThe terms of the deal were not disclosed, but Reuters reported earlier this week that Roark was in the lead to acquire the privately held restaurant company for well over US$9-billion
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Sandwich chain Subway agrees to sell itself to Roark CapitalSandwich chain Subway has agreed to sell itself to private equity firm Roark Capital, the company said on Thursday, amid its struggles with intensifying ...
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Roark Capital Set to Win Bidding for Subway in $9 Billion DealRoark Capital Group is poised to win the race to acquire US sandwich chain Subway, people with knowledge of the matter said, after seeing off a late challenge from a rival bid group led by TDR Capital and Sycamore Partners.
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Goldman to Join TDR’s Subway Bid to Rival Frontrunner RoarkTDR Capital and Sycamore Partners have brought in Goldman Sachs Group Inc.’s asset management arm and a sovereign wealth fund as they make a last-ditch effort to beat out frontrunner Roark Capital Group in the bidding for sandwich chain Subway, according to people familiar with the matter.
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Buyout firm Roark sets conditions to clinch $9 billion-plus Subway deal-sourcesPrivate equity firm Roark Capital is in the lead to acquire sandwich chain Subway for well over $9 billion after attaching conditions to some of the windfall the two families that own it will get, people familiar with the matter said on Tuesday. These conditions, known as an earn-out, defer payment on part of the deal consideration, the sources said. For the full price to be paid, Subway's cash flow would need to reach certain milestones over a specified period after the deal closes, the sources added.
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Buyout firm Roark sets conditions to clinch $9 billion-plus Subway deal-sourcesBy Abigail Summerville and Anirban Sen NEW YORK (Reuters) - Private equity firm Roark Capital is in the lead to acquire sandwich chain Subway for well ...
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