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.
Source: qsrmagazine.com