Subway on Thursday ended its drawn-out auction to sell the family-owned sandwich chain by agreeing to a $9.6 billion deal with the private equity firm that owns Dunkin’ Brands. The sale to Roark ...

Subway confirmed Thursday that the company has entered an agreement to be acquired by affiliates of Roark Capital. The sale, totaling over $9.5 billion, will end Subway’s 50-plus year run as a ...

But The Wall Street Journal and Reuters reported in the days preceding the sale that Roark was leading a field of 10 bidders at its peak with an offer to buy Subway for more than $9 billion.

The families put Subway up for sale hoping to fetch more than $10 billion based on its strong brand and international growth, but the private equity firms countered it was worth less because they ...

It was one of the most lucrative changes of career in business history. In 1964, Fred DeLuca was a 17-year-old medical student working in a hardware store to help pay his way through college.