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Jack in the Box sells Qdoba for $305M

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Fast-food chain Jack in the Box is selling Mexican fast-casual brand Qdoba.

Led by Apollo Global Management, investors agreed to pay $305 million for the Qdoba chain.

Sales at Qdoba stores open at least a year fell 1.4 percent in fiscal 2017, including a 3 percent drop for company-owned locations.

Read more from USA Today.

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