Subway looks into sale that could value company at over $10B, WSJ says

Fast food sandwich giant Subway has retained advisors to look into a sale of the company, the Wall Street Journal’s Laura Cooper and Heather Haddon reports, citing people familiar with the situation. The process, which is in preliminary stages, is expected to draw potential corporate buyers and private equity firms, and could value the chain at over $10B, the authors say, noting that it is possible there won’t be a sale or any kind of deal. Companies in the fast food and fast casual space include McDonald’s (MCD), Chipotle (CMG), Yum! Brands (YUM), Shake Shack (SHAK), and Restaurant Brands (QSR). Reference Link