$6 billion for Whataburger? Chain hires Morgan Stanley to explore sale


SAN ANTONIO, Texas (KXAN) — An iconic Texas restaurant chain is looking into a potential sale.

Whataburger has hired multinational investment bank and financial services company Morgan Stanley (NYSE: MS) to help explore a possible sale, the company confirmed May 16.

In a statement, Whataburger’s corporate communications team told the San Antonio Business Journal, “Our company is growing and is always attractive to investors, and we’ve brought in Morgan Stanley to help us explore our options. We have always evaluated the opportunities that can accelerate growth and maintain the success of our brand, and we will continue to do so in the future.”

Read the full article at Austin Business Journal. 

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