Subway confirms it’s up for sale

Subway, one of the world’s most recognizable fast food brands, has confirmed that it is on the market for acquisition. The 58-year-old company said Tuesday that its shareholders are “exploring a possible sale” of the company and that it has hired J.P. Morgan to help conduct the process.  A price tag wasn’t announced in Subway’s statement, but the Wall Street Journal said Subway could be valued at more than $10 billion.