Loading...
Market
What is the primary reason for Blackstone's acquisition of Jersey Mike's Subs?
3
Resolution / Starting Odds
Expansion of market presence • 25%
Enhancing product offerings • 25%
Financial restructuring • 25%
Other strategic reasons • 25%
Analysis from financial reports or statements from Blackstone's executives in reputable business publications
Story
Blackstone Nears $8 Billion Majority Sale Deal for Jersey Mike’s Subs
Nov 19, 2024, 02:09 AM
Blackstone is nearing a deal to acquire Jersey Mike’s Subs, valuing the sandwich chain at approximately $8 billion, including debt. The deal, which has been reported by multiple sources including the Wall Street Journal, highlights Blackstone's strategic investment in the food and beverage sector. Jersey Mike’s Subs, known for its commitment to a 'Giving Culture' under the leadership of Peter Cancro, is expected to undergo significant changes post-acquisition. Peter Cancro announced a majority sale to Blackstone, marking a significant milestone for the company.
View original story
Similar markets
Retail Opportunity Investments Corp. • 25%
Another US-based retail company • 25%
A non-US-based retail company • 25%
No major acquisition • 25%
Less than 5% • 25%
5% to 10% • 25%
10% to 15% • 25%
More than 15% • 25%
Credit and Insurance Arm • 25%
Private Equity Funds • 25%
Public Markets • 25%
Other Sources • 25%
Another property in Japan • 25%
Property in China • 25%
Property in South Korea • 25%
Property in another Asian country • 25%
Credit • 25%
Private Equity • 25%
Real Estate • 25%
Other • 25%