Carl's Jr., Hardee’s parent CKE Restaurants gets higher takeover offer

CKE Restaurants Inc., parent of Hardee’s and Carl’s Jr., said Wednesday it received another takeover offer that could be better than Boston private equity firm Thomas H. Lee Partners $928 million bid.

Carpinteria-based CKE agreed to Thomas H. Lee’s offer in February with the condition that it could seek better proposals until Tuesday, April 6.

CKE (NYSE: CKR) now says it has until April 27 to engage in further acquisition negotiations with its second suitor, which CKE did not name.

Read Full Article from Bizjournals.com

- Posted: 2010-04-07 10:41:34

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