01.03.2010 19:04:00
|
Thieler Law Announces Investigation of CKE Restaurants, Inc. for CKR Investors
Prof. Dr. Thieler - Prof. Dr. Boeh - Thieler - Seitz Corp. ("Thieler Law") announces an investigation over potential breaches of fiduciary duty and other violations in connection with the proposed acquisition of CKE Restaurants, Inc. (NYSE:CKR). On Friday, Feb 26, 2010 CKE Restaurants, Inc. (NYSE:CKR) and Thomas H. Lee Partners announced that they have entered into a definitive merger agreement under which Thomas H. Lee Partners will acquire CKE Restaurants for approximately $928 million, including the assumption of approximately $309 million of net debt. Under the terms of the agreement, CKE stockholders will receive $11.05 in cash for each share of CKE common stock they hold.
The investigation concerns, among other things, whether the proposed deal provides adequate value as it appears that the transaction undervalues CKR stock, given, among other things, that CKR shares were down from its 52weekHigh of $ 11.52 per share, traded as high as $13.54 per share in September ‘08, as high as $22.95 per share in Jun 2007, and at least one analyst has set a target price for CKE stock at $15.00 per share.
If you own common stock in CKE Restaurants, Inc. (CKR) and if you wish to discuss these matters or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact our San Diego office at:
Thieler Law, 3111 Camino Del Rio North, Suite 400, San Diego, CA 92108, by email: SanDiego@Thieler-Boeh-Seitz.com or by telephone at +1 (619) 866 - 6157 or visit our website http://www.Thieler-Boeh-Seitz.com
Wenn Sie mehr über das Thema Aktien erfahren wollen, finden Sie in unserem Ratgeber viele interessante Artikel dazu!
Jetzt informieren!
Nachrichten zu Apollo Global Management LLC (A)mehr Nachrichten
Keine Nachrichten verfügbar. |