Hardee’s Owner CKE Believed To Be Exploring Sale

A Hardee's in Bowling Green, Ky. | Photo courtesy of Creative Commons
A Hardee's in Bowling Green, Ky. | Photo courtesy of Creative Commons

CKE Inc., the restaurant group behind St. Louis-based fast food chain Hardee’s and California-based chain Carl’s Jr., is said to be exploring a potential sale after postponing its initial public offering last year. CKE is working with Goldman Sachs on a sale process that is in the early stages and could value the company at more than $1.7 billion.

Carpinteria, Calif.-based CKE, which has more than 3,000 locations across 42 states and 25 countries, was taken private in 2010 by Apollo Management in a deal worth close to $700 million.

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