CKE Restaurants Inc.: The Anaheim firm’s board...
- Share via
CKE Restaurants Inc.: The Anaheim firm’s board of directors has authorized the repurchase of as many as 2 million shares of the company’s common stock.
The repurchase will be made through occasional open-market transactions. CKE Restaurants, parent company of the Carl’s Jr. fast-food chain, has about 18.7 million shares outstanding.
The company thinks its shares “are presently undervalued and represent a solid investment opportunity,” said Donald E. Doyle, CKE’s president and chief executive officer.
Inside the business of entertainment
The Wide Shot brings you news, analysis and insights on everything from streaming wars to production — and what it all means for the future.
You may occasionally receive promotional content from the Los Angeles Times.
