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MILFORD — Subway announced Tuesday that it was exploring a potential sale, confirming reports last month that it was considering a deal.
In a news release, the Milford-based company did not explain why it was contemplating a sale and provided few details about the review process. The ownership of the privately held Milford-based company, which is known for offerings such as foot-long sandwiches, now includes the foundation of its late co-founder, Peter Buck.