CKE Restaurants agrees to $928M buyout

CKE Restaurants agrees to $928M buyout

CARPINTERIA Calif. CKE Restaurants Inc., the parent to the Carl’s Jr. and Hardee’s chains, said Friday it has agreed to a $928 million acquisition offer from private-equity firm Thomas H. Lee Partners.

The deal includes the assumption of $309 million in debt, leaving the cash price tag at $619 million. CKE shareholders will receive $11.05 in cash per share, which represents a 24-percent premium over CKE's closing price Thursday of $8.91.

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