CKE Selling Stock to Help Fund Hardee’s Buy
- Share via
(Dow Jones)
ANAHEIM — CKE Restaurants Inc., operator of the Carl’s Jr. fast-food chain, said Thursday that it will raise $203 million in a stock offering to help pay for the $327-million cash purchase of Hardee’s Food Systems.
The company will issue 7.25 million shares of stock at $28 a share in an offering managed by five Wall Street investment bankers.
More to Read
Inside the business of entertainment
The Wide Shot brings you news, analysis and insights on everything from streaming wars to production — and what it all means for the future.
You may occasionally receive promotional content from the Los Angeles Times.
