Carl’s Jr. and Hardee’s parent company to be sold

Private equity firm Thomas H. Lee Partners will buy CKE for $928 million and assume $309 million in net debt. Shares rise on news of the deal, which is expected to close in the second quarter.

CKE Restaurants Inc., parent of fast food restaurant chains Carl's Jr. and Hardee's, said Friday that it would be bought by a private equity firm for $619 million.


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