Jack in the Box Buys Del Taco , for $575 Million.<br />Jack in the Box Buys Del Taco , for $575 Million.<br />CNBC reports Jack in the Box will pay $12.51 per share in cash to acquire the second-largest Mexican fast-food chain in America.<br />This is a natural combination of two like-minded, challenger brands with outstanding growth opportunities, Darin Harris, Jack in the Box CEO, via statement.<br />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, Darin Harris, Jack in the Box CEO, via statement.<br />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, Darin Harris, Jack in the Box CEO, via statement.<br />The deal is expected to close in Q1 of 2022.<br />Currently, Del Taco has about 600 restaurants throughout 16 states.<br />After the deal is finalized, the combined company will operate over 2,800 stores across 25 states.<br />Jack in the Box predicts that by the end of fiscal year 2023, it will accrue nearly $15 million in benefits from the acquisition.
