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CKE Restaurants, Inc. Announces Purchase Agreement to Sell Taco Bueno.
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PR Newswire
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March 14, 2001
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Copyright informationCOPYRIGHT 2001 PR Newswire Association, Inc. 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., March 14 /PRNewswire/ --
CKE Restaurants, Inc. (NYSE: CKR) announced today that it has signed a purchase agreement with an affiliate of Jacobson Partners, a private equity buyout firm, to purchase its Taco Bueno subsidiary for $72.5 million, subject to certain adjustments to be determined at the time of closing. The transaction is expected to close at the end of May, and is subject to final resolution of schedules to the stock purchase agreement, customary closing conditions, and the buyer obtaining the balance of its financing.
"Taco Bueno is a great brand," said Andrew F. Puzder, CKE's president and chief executive officer. "Nevertheless, what ...
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