>CKE Restaurants Says New Takeover Bid Is Better

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>CKE Restaurants, the operator of Carl’s Jr. and Hardee’s restaurants said Tuesday that a rival buyout offer from an unnamed bidder is better than the one it already has from a private equity firm, The Associated Press reported.

While the company didn’t name the mystery bidder, DealBook reported earlier this month that the unnamed suitor was Apollo Management.

The news sent shares of CKE Restaurants up 82 cents, or 6.8 percent, to $12.81 in midday trading.

CKE said the $12.55 per share each stockholder would receive from the bidder is superior to a prior offer from Thomas H. Lee Partners, the buyout shop that was part of a consortium that bought Dunkin’ Brands in 2006.

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