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Lisa Jennings
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.”
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Earlier this year, Carpinteria, Calif.-based CKE hoped to raise as much as $230 million with a return to the New York Stock Exchange. The offering of 13.3 million shares of common st...
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