Law Office of Brodsky & Smith, LLC Announces Investigation of CKE Restaurants, Inc.
Law office of Brodsky & Smith, LLC announces that it is investigating potential claims against the Board of Directors of CKE Restaurants, Inc. (NYSE:CKR) relating to the proposed acquisition by the private-equity firm Thomas H. Lee Partners. Under the terms of the agreement, CKE shareholders will receive $11.05 for each share of CKE stock they own.
The investigation concerns possible breaches of fiduciary duty and other violations of state law related to the CKE board’s approval of the proposed merger. The transaction appears to be unfair, in part, given that CKE stock was trading at $11.27 a share as recently as September 16, 2009 and was trading at $10.65 a share in October 12, 2009.
If you own shares of CKE and wish to discuss the legal ramifications of the proposed acquisition, or have any questions, you may e-mail or call the law office of Brodsky & Smith, LLC who will, without obligation or cost to you, attempt to answer your questions. You may contact Jason L. Brodsky, Esquire or Evan J. Smith, Esquire at Brodsky & Smith, LLC, Two Bala Plaza, Suite 602, Bala Cynwyd, PA 19004, by e-mail at [email protected], or by calling toll free 877-LEGAL-90.
