Deals
Apollo to Acquire Slumping Qdoba Chain in $305 Million Deal
- Jack in the Box to use proceeds to retire outstanding debt
- Sale gives restaurant company ‘less capital-intensive’ model
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Apollo Global Management LLC is getting into the Mexican food business.
The private equity firm, run by co-founder Leon Black, agreed to buy the struggling Qdoba chain from Jack in the Box Inc. for about $305 million in cash, Jack in the Box said Tuesday.