Maybe this has something to do with the drop?
Thursday January 8, 8:45 am Eastern Time
Company Press Release
SOURCE: CKE Restaurants, Inc.
CKE Restaurants Declares 10 Percent Stock Dividend
ANAHEIM, Calif., Jan. 8 /PRNewswire/ -- CKE Restaurants, Inc. (NYSE: CKR - news; ''CKE'') announced that its board
of directors has declared a 10 percent stock dividend to be paid on February 4, 1998, to shareholders of record on January
20, 1998.
''We are very pleased with CKE's performance both in conjunction with continuing internal growth through the Carl's Jr. and
Taco Bueno systems together with the assimilation of the Hardee's chain acquired in July 1997,'' said William P. Foley II,
CKE's chairman and chief executive officer. ''This performance is reflected in our strengthened balance sheet and
shareholders' equity. In order for our shareholders to participate in our growth and in an effort to always return value to our
owners, I am pleased to announce this 10 percent stock dividend.''
CKE Restaurants, Inc., through its subsidiaries and its franchisees and licensees, operates 689 Carl's Jr. and 26 Rally's
quick-service restaurants, including 112 Carl's Jr./Green Burrito dual-brand locations, primarily located in California, Nevada,
Oregon, Arizona and Mexico; 3,055 Hardee's quick- service restaurants in 39 states and 11 foreign countries including 68
Carl's Jr./Hardee's dual-brand locations; 109 Taco Bueno quick-service restaurants, 94 JB's Restaurants, and six Galaxy
Diner restaurants.
SOURCE: CKE Restaurants, Inc. |
