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acquisitions

Financing

Subway's complex sale process comes to its expected conclusion

 By Jonathan Maze on Aug. 24, 2023

The Bottom Line: The lengthy sale process and the apparent deal terms in Roark Capital’s winning bid reveal just how difficult a turnaround the sandwich giant is.

Financing

The 10 biggest restaurant chain acquisitions

 By Jonathan Maze on Aug. 22, 2023

Subway appears to be on the verge of completing the third-largest chain acquisition by value in history. Here are a look at the 10 biggest, at least until that one is complete.

Financing

In Bloomin' Brands, Starboard finds its next undervalued target

By Jonathan Maze on Aug. 21, 2023

The Bottom Line: The activist investor, who shook up Darden and helped get Papa Johns back on its feet, may be just what the doctor ordered for one of the most overlooked restaurant companies on Wall Street.

Financing

Subway is apparently nearing a sale

By Jonathan Maze on Aug. 21, 2023

Roark Capital is reportedly close to a $9.6 billion acquisition, though a source said that the process remains “very competitive and fluid.”

Financing

How Tamer Afr is fixing Big Boy

By Jonathan Maze on Aug. 16, 2023

A Deeper Dive: The CEO of Big Boy Restaurants, who acquired the chain more than four years ago, joins the podcast to discuss the brand’s changes, its drive-thru location and its international push.

Financing

Fogo de Chao to be acquired by Bain Capital

By Joe Guszkowski on Aug. 15, 2023

The deal is a change of course for the 76-unit steakhouse brand, which had been preparing for an IPO.

Financing

As Sardar Biglari buys up stock, El Pollo Loco swallows a poison pill

By Jonathan Maze on Aug. 09, 2023

The chicken chain adopted a shareholder rights plan, citing Biglari Capital’s continued acquisition of the company’s shares.

Financing

Pollo Tropical to be sold to the owner of Primanti Bros

By Jonathan Maze on Aug. 07, 2023

Authentic Restaurant Brands, which operates Primanti Bros and P.J. Whelihan’s, is taking the fast-casual chicken chain private for $8.50 per share.

Financing

Fat Brands readies Twin Peaks for 2024 IPO

By Joe Guszkowski on Aug. 07, 2023

The company said it will look to acquire similar concepts and convert them to Twin Peaks as it aims to reach 200 locations in the next several years.

Financing

Here is why the Subway sale is so complicated

By Jonathan Maze on Aug. 04, 2023

The Bottom Line: The sandwich giant is reportedly expected to complete a sale by Labor Day. But it’s never been a slam dunk. And here’s why.

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