![]() ![]() For more information on franchising opportunities with Jack in the Box, visit .ĭel Taco (NASDAQ: TACO) offers a unique variety of both Mexican and American favorites such as burritos and fries, prepared fresh in every restaurant's working kitchen with the value and convenience of a drive-thru. (NASDAQ: JACK), based in San Diego, is a restaurant company that operates and franchises Jack in the Box® restaurants, one of the nation’s largest hamburger chains, with more than 2,200 restaurants in 21 states and Guam. Under the terms of the Agreement and Plan of Merger, Del Taco stockholders will receive $12.51 per share in cash, and Del Taco’s common stock will cease trading as of today on the NASDAQ and will be delisted. We expect this transaction will significantly strengthen and grow our beloved brands.” Cappasola, Jr., President and CEO of Del Taco, said, “We’re extremely proud to join forces with the Jack in the Box brand and are excited to have found a partner that shares a similar culture and passion for what we do. Together, Jack in the Box and Del Taco will benefit from a stronger financial model, gaining greater scale to invest in digital and technology capabilities, and unit growth for both brands.” “We have ambitious growth plans for our combined company, and we are excited for the many exciting opportunities ahead. “Today marks an important milestone in our company’s history as we officially welcome Del Taco to the Jack in the Box family,” said Darin Harris, CEO of Jack in the Box. With similar guest profiles, menu offerings and company cultures – both priding themselves on serving guests with unique variety, quality, innovation and value – they are both confident they will unlock significant opportunities for franchisees, employees, investors, and guests alike. With the close of the acquisition, Jack in the Box and Del Taco are now positioned as stronger QSR players with greater scale and the ability to enhance the guest experience while pursuing profitable growth. (NASDAQ: TACO) for approximately $585 million. (NASDAQ: JACK) announced today that it has completed its previously announced acquisition of Del Taco Restaurants, Inc. San Diego, California-based Jack in the Box said it expects the deal to immediately add to its earnings, adding the combined company would realize about $15 million in savings by the end of fiscal 2023 through supply chain and digital efficiencies.īofA Securities is serving as the financial adviser to Jack in the Box, while Piper Sandler & Co is advising Del Taco.SAN DIEGO-( BUSINESS WIRE)- Jack in the Box Inc. About 99% of Del Taco restaurants feature a drive-thru. Jack in the Box, which would now have over 2,800 restaurants spanning 25 states, said the deal would help the chain beef up its off-restaurant premise sales. The total value of the deal, including debt, is about $575 million. 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. hamburger restaurant chain Jack in the Box Inc (JACK.O) said on Monday it would buy Del Taco Restaurants Inc (TACO.O) for $455.3 million, as it looks to expand its customer base and take advantage of the Mexican food chain's drive-thru foothold.
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