Kendall Law Group Investigates CKE Restaurants, Inc. Merger for Shareholders
The national securities litigation firm is investigating whether CKE properly shopped the Company prior to entering into the agreement.
Kendall Law Group is investigating CKE Restaurants, Inc. (NYSE: CKR) for shareholders in connection to the proposed sale of the Company to Thomas H. Lee Partners. This possible breach of fiduciary duty may have kept the Company from reaching a deal that would provide better value of the Company. If you are a CKR shareholder and would like additional information about your rights, contact the Kendall Law Group at 877-744-3728 or by email at [email protected].
On February 26, 2010, the Companies announced that they had entered into an agreement for CKE to be acquired by Thomas H. Lee in a $928 million transaction (including assumption of $309 million in debt). According to the agreement, shareholders will receive $11.05 in cash per CKR share owned, which represents a 24% premium over the closing price on the day before the announcement.
Kendall Law Group is founded by a former federal judge, includes a former United States Attorney, prosecutors and securities lawyers who are experienced in complex securities litigation. The firm has been counsel in dozens of merger and acquisition cases nationwide, including some of the largest transactions in the United States.
