Finkelstein Thompson LLP is investigating potential claims on behalf of shareholders of CKE Restaurants Inc. ("CKE" or the "Company") (NYSE: CKR) arising from the Company's announcement of its intent to sell the Company to Thomas H. Lee Partners, a private equity firm. Under the terms of the agreement, CKE shareholders will receive $11.05 in cash for each share they own, placing a total value of $619 million on the deal.
The investigation is focused on the potential unfairness of the price to CKE's shareholders and the process by which the CKE Board of Directors considered and approved the transaction. CKE shares traded as high as $11.52 per share as recently as September 17, 2009 and at least one analyst has set a target price for CKE stock at $15.00 per share.
If you are interested in discussing your rights as a CKE shareholder, or have information relating to this investigation, please contact Finkelstein Thompson's Washington, DC offices at (877) 337-1050 or by email at contact@finkelsteinthompson.com.
Finkelstein Thompson LLP has spent over three decades delivering outstanding representation to institutional and individual clients in financial litigation, and has been appointed as lead or co-lead counsel in dozens of shareholder class actions. Indeed, the firm has served in leadership roles in cases that have recovered over $1 billion for investors and consumers.
To learn more about Finkelstein Thompson LLP, please visit our web site at www.finkelsteinthompson.com. Attorney advertising. Prior results do not guarantee similar outcomes.
Contacts:
Finkelstein Thompson LLP
Donald Enright, 202-337-8000