Wednesday, April 07, 2010

A Little Bit of CKE Restaurants

I’m tasting a higher bid coming for CKE Restaurant’s, Inc (Ticker: CKR). They operate the Hardee’s and Carl’s Jr. burger joints. The private equity firm, Thomas H. Lee, made an initial offer of $11.05 for CKE. Today, CKE announced that they found a better offer during the “go-shop” period. What that offer is… who knows, but it’s higher than $11.05. There are still lots of questions… In any case, I nibbled on some CKE at $11.88 and $11.89.


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