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San Diego-based Jack in the Box looks into possibility of sale

Posted at 4:21 PM, Dec 17, 2018
and last updated 2018-12-17 19:40:37-05

SAN DIEGO (KGTV) -- Jack in the Box Monday announced that it’s looking into the possibility of selling the company.

The company claimed in a press release it’s exploring several options to “maximize shareholder value.”

Several of the options include the sale of the company or a previously announced plan to increase its leverage.

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The company has already gone as far as to have discussions with possible buyers, though no timetable has been set.

Jack in the Box is based in San Diego and is one of the nation’s largest burger chains with more than 2,200 restaurants in 21 states.