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Notable Mergers and Acquisitions of the Day 02/26: CKR, KMGB, AUTH, PKI/DHI
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- CKE Restaurants, Inc. (NYSE: CKR) owner of Carl’s Jr. and Hardee’s quick-service restaurant chains, and Thomas H. Lee Partners today announced that they have entered into a definitive merger agreement under which THL will acquire CKE for approximately $928 million, including the assumption of approximately $309 million of net debt.
Under the terms of the agreement, CKE stockholders will receive $11.05 in cash for each share of CKE common stock they hold, representing a 24% premium to the Company’s closing share price on February 25, 2010 and a 29% premium to the Company’s volume weighted average closing share price of approximately
- CKE Restaurants, Inc. (NYSE: CKR) owner of Carl’s Jr. and Hardee’s quick-service restaurant chains, and Thomas H. Lee Partners today announced that they have entered into a definitive merger agreement under which THL will acquire CKE for approximately $928 million, including the assumption of approximately $309 million of net debt.
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