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Jack in the Box Inc. Jack in the box DELTACO • Jack in the Box to Acquire Del Taco , Combining Two Challenger Brands to Create Substantial Opportunities for Growth and Increased Profitability Brings Together Two Brands with Complementary Cultures , Guest Profiles , Operating Models and Market Opportunities • True QSR in the Attractive and Growing Mexican Category with a Leading Brand Creates Critical Economies of Scale and Reinforces Unit Growth Strategies for Both Brands Nationwide • Financially Compelling Transaction with Meaningful Synergy Opportunities is Expected to be Immediately Accretive to Jack in the Box EPS - SAN DIEGO & LAKE FOREST , Calif . – December 6 , 2021 - Jack in the Box Inc. ( NASDAQ : JACK ) , one of the nation's leading QSR chains , and Del Taco Restaurants , Inc. ( NASDAQ : TACO ) , the nation's second largest Mexican QSR chain by number of restaurants , today announced that the companies have entered into a definitive agreement pursuant to which Jack in the Box will acquire Del Taco for $ 12.51 per share in cash in a transaction valued at approximately $ 575 million , including existing debt . While this price per share offers an attractive premium to Del Taco shareholders , Jack in the Box estimates that the transaction values Del Taco at a synergy adjusted multiple of approximately 7.6x trailing twelve months Adjusted EBITDA . Founded in 1964 , Del Taco serves more than three million guests each week at its approximately 600 restaurants across 16 states . 99 % of Del Taco restaurants feature a drive - thru , helping to achieve strong off - premise sales and a diversified daypart mix . Jack in the Box and Del Taco will have more than 2,800 restaurants spanning 25 states with similar guest profiles , menu offerings and company cultures – both priding themselves on serving guests with unique variety , quality , innovation and value . Together , the companies will create a stronger QSR player with greater scale and the ability to enhance the guest experience while pursuing profitable growth . " We are thrilled to welcome Del Taco , a beloved brand and proven regional winner , to the Jack in the Box family , " said Darin Harris , CEO of Jack in the Box . " 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 . " Mr. Harris continued , “ Del Taco has a loyal , passionate guest base and a strong operating model , and we believe that we can leverage our infrastructure , experience refranchising , and development strategy to support Del Taco's growth plans and expand Del Taco's footprint . We can't wait to welcome the Del Taco team members and franchisees to the Jack family ! " David Beshay , a Jack in the Box franchisee and operator of 210+ restaurants , added , " I couldn't be happier about the opportunity that this transaction offers to the franchisees of these two amazing brands . I believe the Del Taco brand will fit hand in glove with ours , and further enhance the strong franchise and guest - focused culture we have 1