JACK IN THE BOX INC (JACK): M&A transaction — Jack in the Box completes sale of Del Taco for $119M in cash and note

JACK IN THE BOX INC

Closed sale of Del Taco to Yadav Enterprises for approx. $119M; received $109M cash at closing.
Remaining $10M deferred via 21-day promissory note at 8% annual interest, guaranteed by Anil Yadav.
Transaction aligns with 'Jack on Track' plan to simplify business, reduce debt, and focus on Jack in the Box brand.
CEO Lance Tucker cites meaningful progress in shifting to asset-light model and driving shareholder value.

Key facts

Extracted from this filing and checked against the source text.

M&A Transactions SEC 8-K Item 2.01/5.01 confidence 0.9

JACK IN THE BOX INC completed a disposition involving Del Taco Group, LLC for approximately $119.0 million (closed 2025-12-22).

Action: disposition
Counterparty: Del Taco Group, LLC
Consideration: approximately $119.0 million
Closing: 2025-12-22

Exact text from the filing

On December 22, 2025 (the “Closing Date”), Jack in the Box Inc., a Delaware corporation (the “Company”) completed its previously announced sale of Del Taco Holdings Inc., a Delaware corporation and wholly owned subsidiary of the Company that owns and operates the Company’s Del Taco restaurant operations, to Del Taco Group, LLC, a California limited liability company and assignee of Yadav Enterprises, Inc., a California corporation and franchisee of the Company (“Buyer”), pursuant to a Stock Purchase Agreement (the “Purchase Agreement”), dated October 15, 2025, by and among the Company, Buyer and Anil Yadav, a natural person (“Buyer Guarantor”), for an aggregate purchase price of approximately $119.0 million (the “Purchase Price”) in cash (the “Transaction”).

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Source: SEC EDGAR

accession 0000807882-25-000081

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