CKE stockholders approve $1B buyout

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CKE stockholders approve $1B buyout
July 01, 2010
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Nation's Restaurant News

CKE Restaurants Inc. said late Wednesday that its shareholders approved the proposed $1 billion buyout by affiliates of Apollo Management VII LP.

Valued at USD 1 billion, Apollo’s bid beat out an earlier offer valued at about $928 million by private-equity firm Thomas H. Lee Partners LP.

CKE Restaurants operates, licenses or franchises 1,233 Carl’s Jr. and 1,901 Hardee’s restaurants in 42 states and 16 countries.

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  • Hardees

    Hardee's is one of the CKE Restaurant Inc. restaurant brands. CKE Restaurants, Inc. (CKE), through its subsidiaries, franchisees and licensees, operates some of the most popular U.S. regional brands in quick-service and fast-casual dining, including the Carl’s Jr.®, Hardee’s®, Green Burrito® and Red Burrito® restaurant brands.

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