CKE Goes to Apollo

Marino, Jonathan
May 2010
Mergers & Acquisitions Report;5/3/2010, Vol. 23 Issue 18, p12
The article reports that Apollo Management gave a premium offer to CKE Restaurants, abandoning its sale to Thomas H. Lee Partners. Apollo Management will pay 12.55 U.S. dollars per share or 693.9 million U.S. dollars for CKE Restaurants, which operates Hardee's and Carl's Jr. chains. Thomas H. Lee will receive 15.47 million U.S. dollars in termination fee from Apollo Management.


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