CKE Restaurants, which operates the Carl’s Jr. and Hardee’s fast food chains, said its acquisition by a private equity firm has been completed.
The Carpinteria company agreed in May to be taken private in a $694 million deal with an affiliate of Apollo Management VII LP.
Shareholders received $12.55 per share, the company said in a late Monday announcement.
CKE’s management team will continue to run the company’s day-to-day operations. The chain operates and franchises 3,141 restaurants in 42 states and several countries.
