Private equity firm in deal to take CKE private

03/1/2010 | · Wall Street Journal, The

The parent company of Hardee's and Carl's Jr. has received a buyout offer that would pay shareholders $11.05 per share and take the company private. Private equity firm Thomas H. Lee Partners has offered to pay $619 million in cash for CKE Restaurants Inc., and assume $309 million in debt. Under the deal, CKE has six weeks to solicit higher bids.

View Full Article in: · Wall Street Journal, The

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