CKE Restaurants Inc. said late Wednesday that its shareholders approved the proposed $1 billion buyout by affiliates of Apollo Management VII LP.
Valued at USD 1 billion, Apollo’s bid beat out an earlier offer valued at about $928 million by private-equity firm Thomas H. Lee Partners LP.
CKE Restaurants operates, licenses or franchises 1,233 Carl’s Jr. and 1,901 Hardee’s restaurants in 42 states and 16 countries.
CKE stockholders approve $1B buyout
Like to receive news like this by email? Join and Subscribe!
Get the latest potato industry news straight to your WhatsApp. Join the PotatoPro WhatsApp Community!
Highlighted Company
Related News
November 26, 2025
McCain Foods CEO Max Koeune Named Co-Chair of Consumer Goods Forum to Drive Global Collaboration
Max Koeune, CEO of McCain Foods, joins The Consumer Goods Forum as Co-Chair alongside Tesco’s Ken Murphy, driving global collaboration and innovation. McCain continues its leadership in sustainability, food waste, and industry partnerships.
November 25, 2025
Why Wendy’s Most Unique Baked Potato Is Only Available in Puerto Rico
Wendy’s Puerto Rico offers a unique ham-and-ranch baked potato not found in the U.S. The island’s menu also features items like Nutella Frosty and loaded fries, reflecting Wendy’s global trend of adapting creative flavors to local tastes.
November 23, 2025
Will Direct-to-Consumer Potato Chips Replace Supermarket Shelves?
Buying potato chips is changing fast with direct-to-consumer brands and online shopping. Will D2C delivery replace supermarket shelves? Let’s explore current habits and what the future holds for this popular snack.
Sponsored Content
Latest News
Sponsored Content
Sponsored Content
Sponsored Content
Sponsored Content