Jack in the Box ex­plor­ing pos­si­ble sale

The Tribune (SLO) - - Insight -

Jack in the Box said Mon­day that it is ex­plor­ing strate­gic op­tions that in­clude the pos­si­ble sale of the com­pany, con­firm­ing re­ports that sur­faced last month about a po­ten­tial deal. The San Diegob­ased fast food chain said in a state­ment that it has talked with po­ten­tial buy­ers but pro­vided no de­tails. It is work­ing with le­gal and fi­nan­cial ad­vis­ers and said there are no guar­an­tees that a trans­ac­tion will oc­cur.

Jack in the Box is also look­ing at other strate­gic op­tions to boost share­holder value, in­clud­ing a pre­vi­ously an­nounced plan to in­crease debt as part of a re­cap­i­tal­iza­tion of the firm.

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