Jack In The Box To Buy Del Taco for $575 Million

Jack In The Box

It’s been announced today that Jack In The Box will be acquiring Del Taco at $12.51 per share, or for an estimated $575 million. Too bad the Del’s Dollar Deals didn’t apply for this purchase.

Jack In The Box CEO, Darin Harris (sorry, not Jack Box), had the following to say regarding the acquisition, “This is a natural combination of two like-minded, challenger brands with outstanding growth opportunities. 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. This acquisition fits squarely in our strategic pillars and helps us create new opportunities for the franchisees, team members and guests of both brands.”

For franchisees, this gives them the opportunity to open both Jack In The Box and Del Taco concepts, thus helping expand both the over 2,200-location Jack In The Box and over 600-location Del Taco brands.

The purchase is forecast to be completed by the first quarter of 2022, pending approval from Del Taco shareholders and regulators.

More content

Eating Out
TGI Friday’s Files For Chapter 11 Bankruptcy
TGI Friday’s, one of America’s most iconic casual dining chains, has just filed for Chapter 11 bankruptcy protection. The decision follows the company’s efforts to…
,
Eating Out
Feast Your Eyes On The World’s First Chocolate Raclette Wheel
Get ready for your chocolate cravings to kick into high gear. Awfully Chocolate, a confectionery based in Singapore, has just introduced the world’s first chocolate…
,
Eating Out
Sweetgreen Is Testing Air-Fried, Crispy ‘Ripple Fries’ With Pickle Ketchup
Sweetgreen just took a crispy leap into comfort food territory with the launch of their new “Ripple Fries,” which are currently being tested in Los…
,
Burger
We Deliver!

Enter your email address below and we'll deliver our top stories straight to your inbox