Big Law
Jack in the Box Announces a $575 Million Purchase of Del Taco
Jack in the Box is buying Del Taco, the popular West Coast Mexican food chain, in a deal both companies say is worth approximately $575 million, including existing debt.
The nationwide burger chain announced on Monday the company will be paying $12.51 per share in cash to acquire Del Taco.
In recent decades, Jack in the Box has expanded nationwide, with over 2,200 locations in 21 states, as well as Guam. Del Taco, known for its mix of primarily Mexican cuisine with some American food options, can be found in 16 states, but there are only 600 locations. It is the second-largest Mexican fast-food chain behind Taco Bell.
