Whataburger’s Been Sold to the Yanks

whataburgerJust a few short weeks ago, we learned that Whataburger had retained the services of investment firm Morgan Stanley, in order to more fully explore the company’s options in the event of a possible sale. The company’s statement about the move was noncommittal, framed as part of the regular course of business—they often evaluate potential investors, and planned to continue to do so, and this was just more of that. Three weeks later, though, those options have been explored, and Whataburger is a Texas-owned chain no more. BDT Capital Partners, a Chicago-based investment firm, has acquired a majority stake in the company. While the current plans involve keeping the company’s headquarters in San Antonio, there are an awful lot of questions about what the future…View Original Post

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[source: https://www.texasmonthly.com/the-culture/whataburger-sold-yanks/]

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