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
IHOP Debuts New Pancakes That Are Perfect For Coffee Lovers
IHOP is falling into the new season with a cinnamon-inspired dish via its new Coffee Cake Pancakes.  The newest Spotlight Stack includes two buttermilk pancakes…
,
Eating Out
Jack In The Box Brings Back Burger Week For Massive Burger Discounts
From September 12 until September 18, Jack In The Box is dropping a week of burger discounts for Jack Pack Rewards members. Starting with the…
,
Eating OutPartners
Jollibee x KATSEYE Just Dropped A Special Korean BBQ Fried Chicken
Jollibee has been on a steady climb in the U.S., and the receipts are there: their Chickenjoy was just voted the best fast food fried…
,
Burger
We Deliver!

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