NEW YORK Hedge fund Ramius LLC has criticized CKE Restaurants Inc.'s financial strategy in a letter sent Tuesday to the parent of the Hardee's and Carl's Jr. chains. The letter came two days before CKE is scheduled to hold its annual shareholder meeting. Ramius, which through its affiliates holds a 3.6-percent stake in CKE, urged the restaurant company to cut operating costs and its capital spending plan in order to improve shareholder value."We recognize the difficulties of ...
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?