CKE Restaurants, Inc. Announces Anticipated Closing Date of Merger with Affiliates of Apollo Management
July 07 2010 - 1:00PM
Business Wire
CKE Restaurants, Inc. (NYSE: CKR) (“CKE”) today announced that
it expects to close the merger providing for its acquisition by
Columbia Lake Acquisition Holdings, Inc., an affiliate of Apollo
Management VII, L.P., on or about July 12, 2010.
The consummation of the merger remains subject to the
satisfaction or waiver of certain closing conditions set forth in
the merger agreement and discussed in detail in the Definitive
Proxy Statement on Schedule 14A filed with the Securities and
Exchange Commission by CKE on June 3, 2010.
Forward Looking
Statements
This filing contains “forward-looking statements” within the
meaning of the safe harbor provisions of the Private Securities
Litigation Reform Act of 1995. Forward-looking statements give
CKE’s current expectations or forecasts of future events. Such
statements are subject to risks and uncertainties that are often
difficult to predict and beyond CKE’s control, and could cause
CKE’s results to differ materially from those described. These
uncertainties and other factors include, but are not limited to,
risks associated with the proposed transaction, including the
occurrence of any event, change or other circumstances that could
give rise to the termination of the merger agreement, the inability
to complete the proposed transaction due to the failure to satisfy
certain conditions to completion of the proposed transaction or the
failure to obtain the necessary debt financing arrangements set
forth in the debt commitment letter received in connection with the
proposed transaction. Readers are cautioned not to place undue
reliance on these forward-looking statements, which speak only as
of the date they are made. CKE undertakes no obligation to publicly
update or revise any forward-looking statement, whether as a result
of new information, future events or otherwise, except as required
by law or the rules of the New York Stock Exchange. Accordingly,
any forward-looking statement should be read in conjunction with
the additional information about risks and uncertainties as
discussed in CKE’s filings with the Securities and Exchange
Commission.
CKE Restaurants,
Inc.
Headquartered in Carpinteria, Calif., CKE Restaurants, Inc. is
publicly traded on the New York Stock Exchange under the symbol
“CKR.” As of the end of its first quarter of fiscal 2011, CKE,
through its subsidiaries, had a total of 3,146 franchised, licensed
or company-operated restaurants in 42 states and in 16 countries,
including 1,233 Carl's Jr. Restaurants and 1,901 Hardee's
restaurants. For more information about CKE Restaurants, please
visit www.ckr.com.
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