CARPINTERIA, Calif. CKE Restaurants Inc. said Tuesday it has deemed a second buyout bid for the company more attractive than the original $928 million deal with private equity firm Thomas H. Lee Partners LP. The second bidder has offered a cash price of $12.55 per share, or about $695 million, for CKE Restaurants, the parent company to the Hardee’s and Carl’s Jr. quick-service chains. Lee Partners’ bid had totaled $11.05 per share, or about $615 million in cash. That deal also included the ...
Register to view this article
It’s free but we need to know a little about you to continually improve our content.
Registering allows you to unlock a portion of our premium online content. You can access more in-depth stories and analysis, as well as news not found on any other website or any other media outlet. You also get free eNewsletters, blogs, real-time polls, archives and more.
Attention Print Subscribers: While you have already been granted free access to NRN we ask that you register now. We promise it will only take a few minutes!
Questions about your account or how to access content?
Contact: Desiree Torres Desiree.Torres@penton.com