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Roark Capital — the private equity firm that owns Inspire Brands, GoTo Foods, and Subway — is allegedly in advanced talks to acquire Dave’s Hot Chicken for approximately $1 billion, according to The Wall Street Journal.

The acquisition of the 270-unit, Pasadena, Calif.-based fried chicken chain could be announced soon, assuming that the deal does not hit any bumps in the road, sources familiar with the matter said.