Jack in the Box to buy Del Taco for $450M
DENVER GAZETTE WIRE SERVICES
Hamburger restaurant chain Jack in the Box said Monday it would buy Del Taco Restaurants for $455.3 million as it looks to expand its customer base and take advantage of the Mexican food chain’s drive-thru foothold.
Under the deal, Jack in the Box will pay $12.51 in cash for each Del Taco share, which is a premium of over 66% to its closing price on Friday. The total value of the deal, including debt, is about $575 million. Jack in the Box said it expects the deal to immediately add to its earnings.
BUSINESS
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2021-12-07T08:00:00.0000000Z
2021-12-07T08:00:00.0000000Z
https://daily.denvergazette.com/article/281938841206746
The Gazette, Colorado Springs