CKE Restaurants Inc. (CKR) Soars 25% Following Premium Buyout Deal

CKE Restaurants Inc. (NYSE: CKR), an owner of fast food chains agreed to sell itself to a private equity company THL Partners for $619 million, or $11.05 per share, in a premium valuation.

CKE Restaurants Inc. (CKR) has already surged over 25% by early afternoon on Friday to $11.08, subsequent to the deal. CKE Restaurants Inc. (CKR) has breached above its 200 day MA today following the gap-up opening with high volumes, indicating further strength on charts.