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.




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This article appears in: News Headlines , IPOs

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