3-1 news: CKE Restaurants to be acquired in $900+ million deal

Byron E. Allumbaugh, CKE’s chairman of the board, said, “We are excited to announce this transaction which provides substantial value to our shareholders.”

Andrew F. Puzder, CEO of CKE Restaurants, said, “We believe this transaction provides excellent value to our shareholders and represents an exciting opportunity to continue the growth and development of CKE Restaurants in partnership with THL. THL’s proven history of success as an investor and value-added partner to its portfolio companies, coupled with its deep financial expertise and experience in the consumer sector, will also benefit all of our stakeholders, including our franchisees and our employees.”