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Benzinga
Benzinga
Business
Triveni Kothapalli

Jack In The Box Stock Sinks After Selling Del Taco For $115 Million

@jack Del Taco Jack inBox
Corning,,Ca,,Usa,-,Mar,5,,2020:,The,Jack,In

Jack In The Box Inc. (NASDAQ:JACK) shares were trading lower on Thursday after the company announced it had agreed to sell its wholly owned subsidiary, Del Taco Holdings, to Yadav Enterprises in a cash deal.

The company said Yadav Enterprises will acquire Del Taco Holdings for $115 million in cash, with the transaction expected to close by January 2026.

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