Deal info: 13.3MM shares @ $15 mid-point = $200M transaction, 50% primary, with proceeds used to repay some of the outstanding debt.

NYSE: CK, to be priced the week of August 6.

Books: Morgan Stanley, Citi, Goldman and Co-Managers: Barclays, Credit Suisse, RBC, Apollo(?), Cowen and KeyBanc.

Company owns Carl's Jr. and Hardee's restaurant chains. Basically the two brands are close to the same restaurant. Basically they acquired Hardee's in FY 1998 and have put the two together as one chain with two different names to get efficiencies. Classic go-private, reengineer and re-IPO story . . .

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