Whataburger says it plans to 'explore our options' including a potential sale. Here's what that mean
Beloved Texas fast-food chain Whataburger confirmed this week that it's exploring options to expand the company, which could potentially include a sale.
The burger chain told the San Antonio Business Journal this week that it "is always attractive to investors" and confirmed an earlier Reuters report that it had hired Morgan Stanley to help it evaluate "opportunities" for the company.
In some cases, bringing in an outside firm can signal that a company is in bad shape. When Dallas-based Dean Foods announced earlier this month that it would "review of a range of potential strategic alternatives to best position the company for the future," the company was reporting steep losses and adjusting to a drop in demand for milk — the company's biggest product.
Amy Curtis of the Dallas law firm Thompson & Knight says Whataburger is a healthy company by all known measures, which means the Journal's report could prove to be positive for the chain.
Read more: https://www.dallasnews.com/business/business/2019/05/17/whataburger-says-plans-explore-options-including-potential-sale-means
