A beloved Texas-based fast food chain could soon be up for sale, reports say.
According to reports out of San Antonio, Whataburger has hired Morgan Stanley to explore a possible sale of the fast food icon. The fast food chain confirmed to the San Antonio Business Journal this week that Morgan Stanley has been hired, with the goal of “exploring our options.”
“Our company is growing and is always attractive to investors, and we’ve brought in Morgan Stanley to help us explore our options,” Whataburger told the San Antonio Business Journal in a written statement. “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.”
It is unclear whether the sale would include a sale of the entire company, including new investors, or selling shares on the stock exchange, the Houston Chronicle reports.
Whataburger was first founded in 1950 and currently boasts locations across the southern and southwestern United States. Whataburger currently has six locations in the Amarillo area alone.
*This article has been amended to clarify the sale comments.