Jack in the Box adopts limited-duration stockholder rights plan

Jack in the Box (JACK) announced that its board of directors unanimously adopted a limited-duration stockholder rights plan to protect the interests of all stockholders. The rights plan is effective immediately. The rights plan was adopted in response to the accumulation of the company’s stock by Biglari Capital Corp., which privately informed the company that it now owns 9.9% of the shares of the company’s common stock and intends to increase its stake in the company.