RTTNews | Dec 6, 2021 10:33AM EST

10:32 Monday, December 6, 2021 (RTTNews.com) - Del Taco Restaurants, Inc. (TACO) shares are surging more than 64 percent on Monday morning trade as the San Diego-based restaurant company agreed to be acquired by the leading QSR chain Jack in the Box Inc. (JACK) in a transaction valued at around $575 million, including debt. The transaction is expected to provide Del Taco with the scale, complementary capabilities, and opportunity to become even stronger partners to the franchisees. Currently, TACO shares are at $12.46, up 65.48 percent from the previous close of $7.53 on a volume of 4,610,042. For the 52-week period, the shares have traded in a range of $7.34-$12.42 on average volume of 214,974.

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