Stock

Blackstone near $8 bln deal for Jersey Mike’s Subs- WSJ

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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. 

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