CKE Restaurants (CKR) Shares Up By 7% In Pre-Market Trading

Shares of CKE Restaurants, Inc. (NYSE: CKR) are up by 7% in pre-market trading. The company has received a fresh takeover offer. In a statement, CKE Restaurants said that the new offer is subject to several conditions being met.

The company had agreed to a takeover by Thomas H. Lee Partners, a private equity firm, back in February. The deal, which valued CKE at $619 million, gave the company a 40 day period to look for superior offers. The 40 day period expired on Tuesday.

Shares of CKE Restaurants were up 7.85% to $11.95 at 8.48 a.m. in pre-market trading in New York.