CKE Selling Stock to Help Fund Hardee’s Buy

CKE Restaurants Inc., operator of the Carl’s Jr. fast-food chain, said Thursday that it will raise $203 million in a stock offering to help pay for the $327-million cash purchase of Hardee’s Food Systems.

The company will issue 7.25 million shares of stock at $28 a share in an offering managed by five Wall Street investment bankers.