WESTBURY, N.Y. -- Nathan's Famous here, with its proposed acquisition of Miami Subs, has taken the next step in widening its food-service operations to new venues that could include supermarkets, officials said. The company has acquired, in a private transaction, 30% of the outstanding common stock of Miami Subs Corp., Fort Lauderdale, Fla. It has also entered into a letter of intent to acquire the remainder of Miami Subs' common stock and go into a final merger agreement. "It's very ...
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