CKE says second buyout bid is better

CARPINTERIA, Calif. CKE Restaurants Inc. said Tuesday it has deemed a second buyout bid for the company more attractive than the original $928 million deal with private equity firm Thomas H. Lee Partners LP.

The second bidder has offered a cash price of $12.55 per share, or about $695 million, for CKE Restaurants, the parent company to the Hardee’s and Carl’s Jr. quick-service chains. Lee Partners’ bid had totaled $11.05 per share, or about $615 million in cash. That

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