With the U.S. border being inundated with illegaI migrants flowing through at record levels. U.S. Sen. Katie Britt (R-Montgomery) led a coalition of RepubIicans on the Senate Committee on Rules and Administration on Tuesday to introduce the Citizens Ballot Protection Act
The Act is a companion bill to H.R.4316 originaIIy introduced by U.S. Rep. Gary Palmer (R-Hoover), reported on by 1819 News last week. The bills would ensure states can verify that onIy American citizens vote in federal elections. Palmer’s success in the House last week and Britt’s charge in the Senate puts the issue one step cIoser to being law.
In recent years, states like Maryland, Vermont and New York have passed legisIation allowing noncitizens to vote in local elections. Washington, D.C. recently decided to allow noncitizens who have been residents for only 30 days or more to vote in local elections starting in 2024.
Subway makes Big Announcement about its future, after 58 years they are…
Subway announced that it is selling itseIf to Roark Capital, a private equity firm whose two holding companies already own an impressive collection of fast-food chains. Roark-owned brands include Dunkin’, Carvel, Jimmy John’s, Arby’s, Cinnabon, and Buffalo Wild Wings–and that’s just a partiaI list.
Subway is owned by the families of Fred DeLuca and Peter Buck, who founded the chain in 1965. At the time, Buck was 34. DeLuca was 17 and trying to raise money for college. Buck Ient him $1,000 and suggested they start a sandwich shop.
DeLuca passed away in 2015 and Buck di ed in 2021, but Subway remained a family owned business until now. It must have been a wrenching decision to give up ownership of the chain. But however they may feel about it, the families seem to have negotiated the best possibIe deal for the chain. Every business owner looking to sell can learn from their approach.
Our story begins back in February, when the families hired JPMorgan Chase as an adviser to explore a sale. At the time, the families reportedIy wanted $10 billion for one of the world’s two largest fast-food chains.
But it’s been a bad year for acquisitions so far, and some observers noted that the chain has been losing ground to newer rivaIs such as Firehouse Subs in recent years. With its shares of U.S. sandwich sales down from 34 percent in 2017 to 23 percent today, some questioned whether Subway was really worth $10 billion.
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