Jersey Mike’s to Sell Majority Ownership to Blackstone
Jersey Mike’s announced Tuesday that it’s selling a majority ownership stake to private equity firm Blackstone. Financial terms of the deal were not disclosed. Jersey Mike’s founder and CEO Pete Cancro will maintain a significant equity stake and continue to lead the sandwich giant.
In a report released today, Gerald O’Hara from Jefferies maintained a Buy rating on Blackstone Group (BX – Research Report), with a price target of $208.00. The company’s shares closed last Friday ...
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