Jack in the Box Inc. announced the completion of the sale of Del Taco Holdings Inc. to Yadav Enterprises Inc.
The sale is a crucial step in Jack in the Box Inc.'s plan to strengthen its balance sheet and transition to a simpler business model.
The transaction involved approximately $119 million in consideration, with $109 million received in cash and the remaining $10 million in the form of a promissory note.
Sale Completion
The sale of Del Taco Holdings Inc. has been successfully completed, contributing to the company's strategic objectives.
Transaction Details
Approximately $119 million was involved in the transaction, with $109 million in cash and $10 million in a promissory note.
Strategic Focus
The sale aligns with Jack in the Box Inc.'s efforts to enhance its brand and improve operational performance.
- The sale of Del Taco Holdings Inc. signifies a significant step towards simplifying Jack in the Box Inc.'s business model and reducing debt.
- The company aims to drive sustainable growth and create shareholder value through strategic transactions like this.
The completion of the sale of Del Taco Holdings Inc. marks a positive progression in Jack in the Box Inc.'s strategic direction and financial positioning.