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The San Antonio-based fast food chain ‘Whataburger‘ maybe up for sale. They did confirms hiring Morgan Stanley to explore a possible sale of a Texas favorite. According to Reuters, which was told by an anonymous source that the privately held San Antonio-based fast food chain was considering a sale, including a minority stake sale to a financial investor or private equity firm. Another unnamed source told Reuters that the chain could garner a valuation of more than $6 billion. Whataburger operates 827 locations across 10 states, with the majority of which are in Texas.
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