A private equity firm said Friday it will buy the owner of the Carl’s Jr. and Hardee’s restaurants for about $619 million in cash.
Thomas H. Lee Partners, a Boston firm that’s among a trio of investment firms that bought Dunkin’ Brands Inc. in 2006, has made the deal to buy CKE Restaurants Inc. at a time when the fast-food chains’ sales are falling and fewer diners are visiting their restaurants.
Lee Partners also will assume about $309 million in debt from CKE.
Under terms of the deal, CKE shareholders will receive $11.05 in cash for each share they own a 24 percent premium to its Thursday closing price of $8.91.
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