Roanoke Times
Copyright (c) 1995, Landmark Communications, Inc.
DATE: WEDNESDAY, May 11, 1994 TAG: 9405120153
SECTION: BUSINESS PAGE: B-8 EDITION: METRO
SOURCE:
DATELINE: LENGTH: Short
HARDEES TO BUY 279 OF ITS RESTAURANTS
Hardee's Food Systems Inc., Rocky Mount, N.C. operator and franchiser of
fast-food restaurants, said Tuesday it has exercised an option to buy the 50
percent interest it did not own in a partnership holding the land and
buildings of 279 of its restaurants. The purchase was worth about $20
million. Location of the facilities was not revealed.
The transaction will eliminate $16 million annually in restaurant rent
payments.
- staff report
by CNB