Updated at 1:40 p.m. Wednesday
The parent company of Arby’s is buying Jimmy John’s Sandwiches, hoping to reverse sluggish sales at the chain.
Atlanta-based Inspire Brands said Wednesday the acquisition will make it the fourth-largest restaurant company in the U.S., with annual sales of $14 billion and 11,200 restaurants. Inspire also owns Sonic, Buffalo Wild Wings and Rusty Taco.
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