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Article: CKE RESTAURANTS, INC. AND SUMMIT FAMILY RESTAURANTS INC. ANNOUNCE AGREEMENT AND PLAN OF MERGER AND REORGANIZATION
- Article from:
- PR Newswire
- Article date:
- December 1, 1995
CopyrightCOPYRIGHT 1995 PR Newswire Association LLC. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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ANAHEIM, Calif., Dec. 1 /PRNewswire/ -- CKE Restaurants, Inc. (NYSE: CKR) and Summit Family Restaurants Inc. (Nasdaq: SMFR) today announced the signing of an agreement and plan of merger and reorganization.
Under the terms of this merger agreement, CKE Restaurants will acquire all of the outstanding common and preferred stock of Summit Family Restaurants for a purchase price equal to $3.00 per share in cash and .20513 shares of CKE common stock provided that the average CKE common stock price is between $12.25 per share and $17.00 per share at the closing. If the average CKE common stock price is higher than $17.00 or lower than $12.25 at the closing, the exchange ...
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Article: SUMMIT FAMILY RESTAURANTS INC. ANNOUNCES ...
PR Newswire;
July 15, 1996 ;
700+ words
... ... either Summit or CKE Restaurants, but rather ... agent. Summit Family Restaurants Inc. has restaurant ... CFO of Summit Family Restaurants Inc., 801 ... CO: Summit Family Restaurants, Inc.; CKE Restaurants, Inc. ST ...
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