Carl Karcher Enterprises said that at least...

Carl Karcher Enterprises said that at least 2.7 million shares of Karcher common stock were tendered to the company in response to its offer to purchase up to 2 million shares. The deadline for the offer was Thursday. The Anaheim fast-food company plans to spend as much as $70 million to buy back its shares. The company’s Dutch-auction tender offer allowed participating shareholders to identify a price per share at which they are willing to sell. Karcher said it intends to announce the final number of shares tendered, the price at which the company will purchase the stock, and the proration factor as soon as those figures are calculated.