Del Taco Restaurants Stock Is Flying. Jack in the Box Is Buying the Chain.
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Stock in Del Taco Restaurants was soaring following news that Jack in the Box is buying the Mexican fast-food chain for $12.51 a share in cash.
Del Taco stock (ticker: TACO) was up 65.14% to $12.44 on Monday, while Jack in the Box (JACK) fell 4% to $80.62.
The transaction, valued at roughly $575 million, including debt, values Del Taco at...