What was the merger consideration per Del Taco share?
Del_Taco Franchise · 2025 FDDAnswer from 2025 FDD Document
bt of $115.2 million related to a syndicated credit facility and Del Taco entered into a new syndicated credit facility.
The total purchase consideration for Del Taco was $593.3 million. Each share of Del Taco common stock issued and outstanding was converted into the right to receive $12.51 in cash without interest, less any applicable withholding taxes ("Merger Consideration"). Additionally, in connection with the transaction, each Del Taco equity award granted under Del
Source: Item 21 — FINANCIAL STATEMENTS (FDD page 58)
What This Means (2025 FDD)
According to Del Taco's 2025 Franchise Disclosure Document, the merger consideration was $12.51 per Del Taco share. This figure represents the amount each shareholder received in cash for each share of Del Taco common stock they owned when Jack in the Box acquired Del Taco on March 8, 2022. The acquisition was formalized under the terms of an agreement and plan of merger dated December 5, 2021.
This means that if a person held shares of Del Taco stock before the acquisition, they were entitled to receive $12.51 for each share they surrendered as part of the merger. This payment was made in cash, without interest, but was subject to any applicable withholding taxes. The total cash consideration paid to selling shareholders amounted to $470.5 million.
In addition to the cash payment for shares, the document notes that equity awards granted under Del Taco's equity compensation plans were either converted into the right to receive the merger consideration or converted into equity awards with respect to Jack in the Box common stock. This detail is important for anyone who held stock options or other equity-based compensation from Del Taco, as their awards were handled in one of these two ways during the acquisition.