Jack in the Box exploring possible sale
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.