Jack in the Box to Buy Del Taco Restaurants

Jack in the Box Inc. is buying Del Taco Restaurants Inc. for $455 million, a deal that ties up two West Coast fast-food chains.

Del Taco shareholders are expected to receive $12.51 in cash for each share owned, a 166% premium to the Mexican-focused chain’s closing price on Friday. Including debt, the companies valued the deal at $575 million.

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