News

Carl's Jr., Hardee's parent company to go public

May 18, 2012

California-based CKE Inc., parent company of Carl's Jr. and Hardee's restaurant chains, has filed a registration statement on Form S-1 with the U.S. Securities and Exchange Commission in connection with the proposed initial public offering of its common stock.

The offering size and the estimated price range of the offering have not yet been determined. Shares will be offered by both CKE and its stockholder.

CKE intends to apply to list its common stock on the New York Stock Exchange under the symbol "CK" and intends to apply the net proceeds received by it from this offering to repay indebtedness and for general corporate purposes.

A registration statement relating to these securities has been filed with the U.S. Securities and Exchange Commission but has not yet become effective.

CKE Inc. is a privately held company with a total of 3,243 franchised or company-operated restaurants operating in 42 states and 25 foreign countries.

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