Investing.com– Private equity major Blackstone (NYSE:BX) is close to a $8 billion deal for privately held sandwich chain Jersey Mike’s Subs, The Wall Street Journal reported on Monday.
The $8 billion figure includes debt, the WSJ report said, and comes as Blackstone engaged in on-and-off talks over a potential deal earlier this year. A deal could be announced soon.
Jersey Mike’s Subs has about 3,500 locations in the U.S., Canada and Mexico, and employs over 19,000 people.
This post appeared first on investing.com
In this article:
