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Yesterday, December 19, Jack in the Box Inc. reported that it had inked a definitive agreement to sell its fast-casual Mexican food chain, Qdoba, to Apollo Global Management LLC for $305 million in cash. The deal is expected to close by April 2018.
Qdoba operates and franchises roughly 700 Qdoba Mexican Eats restaurants and is the second largest fast-casual Mexican food brand in the U.S.
