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San Diego-based Jack in the Box explores potential sale
Real Estate - DECEMBER 18, 2018

San Diego-based Jack in the Box explores potential sale

by Andrea Zander

Fast food operator Jack in the Box, which owns approximately 2,200 restaurants in 21 states, has plans to explore a potential sale.

The company has several options to “maximize shareholder value.”

Several of the options include exploring strategic and financing alternatives — or a sale of the company. Potential alternatives could include a sale of the company or executing on the company’s previously announced plans to increase its leverage.

Over the past 52 weeks, Jack in the Box stock is down about 22 percent, while the S&P 500 is down 2 percent.

The potential sale follows Inspire Brands’, which owns Arby’s and Buffalo Wild Wings, acquisition Sonic Drive-In for approximately $2.3 billion. Inspire, backed by Roark Capital, had earlier in the year acquired Buffalo Wild Wings for $2.9 billion. And Apollo Global Management acquired Qdoba from Jack in the Box earlier this spring.

 

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