Jack in the Box is buying rival Del Taco
Jack in the Box is buying rival Del Taco
By Richard Clough | Bloomberg
Jack in the Box Inc. agreed to buy Del Taco Restaurants Inc., marrying the offbeat chain with a fast-food competitor also popular with late-night diners.
The burger restaurant will pay $12.51 a share in cash for Del Taco, a Mexican-food brand concentrated largely in the southwestern U.S., representing a 66% premium over the closing price on Dec. 3. The total…
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