CARPINTERIA, Calif.--(BUSINESS WIRE)--CKE Inc. (“CKE” or the “Company”) announced today that an affiliate of
Roark Capital Group has entered into a definitive agreement to acquire a
majority stake in the Company with senior management retaining a
minority stake. CKE is currently majority-owned and controlled by
investment funds affiliated with Apollo Global Management, LLC (together
with its consolidated subsidiaries, “Apollo”) (NYSE: APO). Terms of the
transaction were notmore...