Jack In The Box (JACK) to sell Qdoba Restaurant Corporation to Apollo Global (APO)

• Qdoba, with 700 locations in 47 states, is the second largest fast-casual Mexican food chain after Chipotle.

 

Jack In The Box to sell Qdoba Restaurant Corporation to Apollo Global (APO) for $305 mln in cash 
The transaction is expected to close by April 2018. The Company expects to use the net cash proceeds after tax and transaction costs to retire outstanding debt under its term loan, as required by the terms of its credit facility.

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