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flag Blackstone buys majority stake in Jersey Mike's Subs for $8 billion, planning to expand the chain.

flag Private equity firm Blackstone has acquired a majority stake in Jersey Mike's Subs for about $8 billion, aiming to expand the sandwich chain both domestically and internationally. flag Jersey Mike's founder and CEO Peter Cancro will continue to lead the company and retain a significant equity stake. flag The acquisition, expected to close in early 2025, is subject to regulatory approvals. flag The deal is the largest since Subway's sale to private equity last year.

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