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#Del Taco

CNBC

Jack in the Box buys Del Taco in $575 million deal

Jack in the Box is buying Del Taco in a deal valued at roughly $575 million. The burger chain will pay $12.51 per share in cash for the acquisition. The companies expect to benefit from a stronger financial model, gaining scale and helping add new locations. Jack in the Box...
ECONOMY
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One of America's Largest Burger Chains Just Bought This Major Mexican Brand

America's fourth-largest burger chain is joining forces with a popular taco chain in an effort to form a bigger and more powerful fast-food entity. Jack In the Box, which once upon a time owned Qdoba, has announced that it will be purchasing another Mexican fast-casual: Del Taco. The $575 million dollar deal is expected to be completed sometime in the first quarter of 2022. The move will make the Jack-Del Taco empire span some 2,800 locations across 25 states, according to QSR Magazine. It will also make both brands more competitive in their respective categories: Jack In the Box going up against McDonald's, Wendy's, and Burger King, and Del Taco against the likes of Taco Bell and Chipotle.
RESTAURANTS
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QSR magazine

Jack in the Box to Acquire Del Taco for $575 Million

Jack in the Box announced Monday that it will acquire Del Taco for $575 million, in a yet another move toward consolidation across the industry. The deal includes $12.51 per share in cash, plus existing debt. Jack estimates the transaction values Del Taco at a multiple of about 7.6x trailing 12 months adjusted EBITDA. Del Taco shareholders will vote around February or March, and if they approve, the transaction will close sometime in Q1.
ECONOMY
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People

Jack in the Box Is Buying Fellow Fast Food Giant Del Taco for $575 Million

Jack in the Box is buying Del Taco in a $575 million deal, the fast food giant announced Monday. Launched in 1964, Del Taco is the second-largest Mexican quick-service restaurant in the nation. It serves over 3 million people weekly at its nearly 600 locations in 16 states. Jack in the Box specializes in a variety of foods from chicken tenders and french fries to tacos and egg rolls.
FOOD & DRINKS

BuzzFeed, Apple, DiDi Global, United Airlines, Del Taco

The Dow rallied over 1% on Monday as economy-linked banks and energy stocks roared back after sharp declines in the previous week, while Nasdaq struggled to keep pace as Nvidia dragged down chipmakers. At 12:19 ET, the Dow Jones Industrial Average (.DJI) was up 1.89% at 35,234.46. The S&P 500...
STOCKS
San Bernardino County Sun

Jack in the Box is buying rival Del Taco

Jack in the Box has agreed to buy Lake Forest-based Del Taco Restaurants, marrying the offbeat chain with a fast-food competitor also popular with late-night diners. The San Diego burger chain will pay $12.51 a share in cash for Del Taco, a Mexican-food brand concentrated largely in the Southwest, representing a 66% premium over the closing price on Dec. 3. The total transaction is valued at $575 million, including existing debt, according to a statement Monday.
SAN DIEGO, CA

Mid-Afternoon Market Update: Dow Jumps 700 Points; Del Taco Restaurants Shares Spike Higher

Toward the end of trading Monday, the Dow traded up 2.11% to 35,308.84 while the NASDAQ rose 1.24% to 15,272.25. The S&P also rose, gaining 1.51% to 4,607.08. The U.S. has the highest number of coronavirus cases and deaths in the world, reporting a total of 49,969,850 cases with around 808,760 deaths. India confirmed a total of at least 34,641,560 cases and 473,530 deaths, while Brazil reported over 22,143,090 COVID-19 cases with 615,670 deaths. In total, there were at least 266,264,960 cases of COVID-19 worldwide with more than 5,273,750 deaths.
MARKETS
QSR Web

Del Taco releases holiday items

Del Taco Restaurants Inc. has launched its holiday collection. Merchandise includes a holiday hot sauce tin with hot sSauce ($39.99), a holiday Del Taco stocking with 100 hot sauce packets ($19.99), and a holiday hot sauce ornaments 3-Pack ($14.99). This year's holiday collection includes new designs and premieres on the...
RESTAURANTS
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