News

Jack in the Box ponders sale, other options

December 17, 2018

Jack in the Box Inc. said its board and management team are working with advisers to consider ways to increase the chain's value, including actions like a sale of the company or taking steps forward on what a press release said are "previously announced plans to increase its leverage."

No decisions or timetables have been set for these actions, though the company said it has had discussions with potential buyers, though no transaction is assured. The company said it will move forward on a plan to have a new capital structure in place by the end of its 2019 fiscal year, which could include a securitization or bond issuance, the release said. 

The company said it won't comment any further on plans or actions under considerations. The chain is based in San Diego with more than 2,200 restaurants in 21 states and Guam.