Jack in the Box is Exploring a Sale of the Company
Author By Sophia VidaPosted on According to sources who spoke to Reuters, fast food chain Jack in the Box is exploring a sale. The chain, which has over 2,000 restaurants, saw its shares rise 6.6% on the news.
The sources, who asked to remain anonymous as the matter is confidential, had said that the burger restaurant had discussions with potential buyers this month which included private equity firms.
The sources said there is no guarantee that a deal will be reached and the company did not comment.
It was earlier this year that Jack in the Box sold its Qdoba Restaurant Corp unit to private equity firm Apollo Global Management for roughly 305 million cash. The unit operates and franchises more than 700 Qdoba Mexican Eats restaurants.
Disclaimer: We have no position in Jack in the Box Inc. (NASDAQ: JACK) and have not been compensated for this article.
