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Wednesday, June 25, 2014

U.S. fast-food chain Del Taco explores sale -sources, (NYSE: GS)

U.S. fast-food chain Del Taco, which specializes in Mexican cuisine as well as American favorites like burgers and fries, is in the early stages of exploring a sale that could fetch more than $500 million, people familiar with the matter said on Wednesday.Founded in 1964, Lake Forest, California-based Del Taco owns and operates 546 restaurants in 17 U.S. states. The majority of them are in West Coast states including California and Oregon.Del Taco is owned by private equity firms that include Goldman Sachs Mezzanine Partners, Charlesbank Capital Partners and Leonard Green & Partners.The owners are working with Piper Jaffray and Goldman Sachs Group Inc on the sale process, the sources said, requesting anonymity because the matter is private.

The Goldman Sachs Group, Inc. (Goldman Sachs), is a global investment banking, securities and investment management firm that provides a range of financial services to a substantial and diversified client base that includes corporations, financial institutions, governments and high-net-worth individuals. Shares of GS traded higher by 0.39% or $0.65/share to $168.88. In the past year, the shares have traded as low as $149.28 and as high as $181.13. On average, 2895690 shares of GS exchange hands on a given day and today's volume is recorded at 598953.