CKE Restaurants Inc., parent to the Hardee’s and Carl’s Jr. quick-service restaurant chains, said late Thursday that it will not proceed with a planned initial public offering that was scheduled for today. In a short statement issued on the eve of the company’s planned return to public markets, CKE officials said it has determined not to proceed with the IPO due to “market conditions.” RELATED • Restaurant IPOs on tap: Bloomin' Brands, CKE set to trade ...
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Contact: Desiree Torres Desiree.Torres@penton.com