Les Schwab Tire Centers Considering $3 Billion Sale

Oregon's Les Schwab Tire Centers may be considering an outright sale for at least $3 billion, according to Bloomberg.

Bloomberg reported Tuesday morning that the company is working with an adviser to weigh alternatives such as divesting its real estate portfolio, which is worth at least $2 billion.

The company has $1.8 billion in annual revenue and more than 450 locations in 10 states.

Les Schwab founded the tire company in 1952 in Prineville. It is now headquartered in Bend. Schwab died in 2007.