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Stock impact report

Jack in the Box completes sale of Del Taco to Yadav Enterprises [Yahoo! Finance]

Jack In The Box Inc. (JACK) 
Last jack in the box inc. earnings: 2/19 04:05 pm Check Earnings Report
Company Research Source: Yahoo! Finance
Del Taco has now formally begun operating under the ownership of Yadav Enterprises as part of the latter's franchise portfolio. The definitive agreement for the deal was signed in October this year. Yadav Enterprises CEO Anil Yadav said: “For more than five decades, Del Taco has been a beloved restaurant chain supported by loyal guests who have fuelled a special and unique culture that continues to set the brand apart. “Our recent acquisition of the Del Taco brand aligns perfectly with our long-term growth vision, and we are excited to support the next Del Taco evolution, while honouring the amazing legacy that has defined the brand for more than a half-century.” The chain, founded in 1964, offers a mix of Mexican-inspired and American dishes and runs more than 600 outlets across 17 US states. The company will continue to be based at its existing headquarters in Lake Forest, California. Jack in the Box said the sale represents progress in its “Jack on Track” programme, ai Show less Read more
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