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The $100 million deli that was highlighted in famed investor David Einhorn's letter to clients earlier this month is actually seeking to strike a deal.
A Hong Kong-based firm that is invested in Hometown International views the company as a "mini-SPAC," seeking a merger worth up to $600 million.
The multibillion-dollar endowments of Duke and Vanderbilt also own a slice of the deli, according to a Financial Times report.
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According to a Financial Times report, the deli's parent company Hometown International is actually a "mini-
SPAC
" that is ultimately seeking to make a deal that could be worth up to $600 million while it slings Philly cheesesteaks from its single New Jersey-based location.