Blackstone Acquires Jersey Mike's Subs in $8 Billion Deal
- Blackstone has confirmed a deal to acquire a majority stake in Jersey Mike’s Subs, valuing the company at $8 billion, including debt.
- The transaction is expected to finalize in early 2025, pending regulatory approvals and closing conditions.
- Jersey Mike's founder and CEO Peter Cancro stated, "We believe we are still in the early innings of Jersey Mike's growth story" regarding their partnership with Blackstone.
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Leaning Left10Leaning Right7Center25Last UpdatedBias Distribution60% Center
Bias Distribution
- 60% of the sources are Center
59% Center
L 24%
C 59%
R 17%
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