Fast food chain CKE postpones $200 million IPO

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CKE Inc., a fast food chain with 3,263 restaurants under its Carl's Jr. and Hardee's brands, postponed its IPO on Thursday, citing poor market conditions. The Carpinteria, CA-based company was founded in 1945 and booked $1.3 billion in sales for the 12 months ended 5/21/2012. Morgan Stanley, Citi and Goldman Sachs were set to be the joint bookrunners on the deal.



The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.



This article appears in: News Headlines , IPOs

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