Round two of bids for the possible sale of foot-long sandwich chain Subway are ready to begin for a sale that could fetch $10 billion, The Wall Street Journal reported on Thursday. It follows a prior round.
The report from the Wall Street Journal comes roughly two months after Subway officially revealed it was considering the possibility of selling but that "there is no indication of timing or assurance that a sale will occur."
FOX Business reached out to JPMorgan, who the chain picked as its advisor, and Subway, for comment. JPMorgan declined to do so, and Subway pointed to its February announcement regarding sale exploration.are expected to be strong, according to the Wall Street Journal.
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