Key Developments: CKE Inc (CK)
14.74USD
26 Oct 2011
$0.00 (+0.00%)
$14.74
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$0.00
$0.00
13,808,200
0
$16.24
$5.02
Latest Key Developments (Source: Significant Developments)
CKE Inc Postpones Initial Public Offering-Reuters
Reuters reported that CKE Inc has postponed its initial public offering citing market conditions. The private equity-backed company had told the U.S. Securities and Exchange Commission, last week, that it was expecting to sell 13.3 million shares at $14 to $16 per share. CKE, which was expected to start trading on August 10, 2012 on the New York Stock Exchange under the symbol CK, was offering 6.7 million shares, while selling stockholders offered the rest. Full Article
CKE Inc Now Sees IPO Of Up To $230 Million-Reuters
Reuters reported that CKE Inc, which had filed for an Initial Public Offering (IPO) of up to $100 million in May, said it now expects to raise as much as $230 million in its IPO. Morgan Stanley, Citigroup and Goldman Sachs are lead underwriters of the offering. CKE Inc, intends to use part of the IPO proceeds to repay debt. The filing did not reveal the number of shares to be sold or their expected price. Full Article
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