CKE pulls planned initial public offering, cites 'market conditions'

CKE pulls planned initial public offering, cites 'market conditions'

CKE Restaurants Inc., parent to the Hardee’s and Carl’s Jr. quick-service restaurant chains, said late Thursday that it will not proceed with a planned initial public offering that was scheduled for today.

In a short statement issued on the eve of the company’s planned return to public markets, CKE officials said it has determined not to proceed with the IPO due to “market conditions.”

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