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Venoco offers early end to offshore oil drilling if it can drill more now

By   /  Friday, September 23rd, 2016  /  Energy, left  /  Comments Off on Venoco offers early end to offshore oil drilling if it can drill more now

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Venoco offers early end to offshore oil production if it can draw more sooner

By   /  Thursday, September 15th, 2016  /  Energy, Latest news, South Coast  /  Comments Off on Venoco offers early end to offshore oil production if it can draw more sooner

Updated Sept. 16 at 2:30 p.m.: Venoco has proposed to bring an early end to its offshore oil and gas production if the company’s Lease Line Adjustment Project is approved. Denver-based Venoco, which has significant operations in Santa Barbara County, proposed on Sept. 16 that it would hand its offshore oil leases back to the Read More →

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Apollo cashes in on CKE with $1.6B sale

By   /  Friday, November 22nd, 2013  /  Banking & Finance, Top Stories, Tri-County Public Companies  /  Comments Off on Apollo cashes in on CKE with $1.6B sale

CKE will join Roark affiliated companies, which include Arby’s, Cinnabon, Carvel, Wingstop, Corner Bakery and a number of others. “The cultural match is very positive, and we look forward to taking full advantage of their experience and expertise in the restaurant segment,” CKE chief executive Andy Puzder told the Business Times.

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CKE Restaurants sold to Atlanta private equity firm

By   /  Wednesday, November 20th, 2013  /  Banking & Finance, Restaurants, Tri-County Public Companies  /  Comments Off on CKE Restaurants sold to Atlanta private equity firm

CKE Restaurants, the Carpinteria-based parent of Carls Jr. and Hardees, has been sold to an Atlanta private equity firm specializing in restaurant chains.

The price was not disclosed and the sale to an affiliate of Roark Capital Group comes five months after Apollo Global Management hired Goldman Sachs to explore a sale or spinoff of the company it purchased in 2010.

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CKE chief: Corn, Obamacare scuttled IPO

By   /  Friday, August 17th, 2012  /  Banking & Finance, Top Stories, Tri-County Economy, Tri-County Public Companies  /  1 Comment

CKE Restaurants has pulled the plug on a deal that would have made it a public company again and raised as much as $213.3 million for the Carpinteria-based fast-food operator. All sides agree investors ultimately balked because of bad timing. But analysts also lay part of the blame on the heavy debt load CKE incurred Read More →

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CKE to go public again in $100M offering

By   /  Thursday, May 17th, 2012  /  Banking & Finance, Latest news  /  Comments Off on CKE to go public again in $100M offering

Less than two years after a $1 billion buyout by Apollo Management, CKE Restaurants, the Carpinteria-based parent of burger chains Carl’s Jr. and Hardees, is preparing to go public again in a $100 million offering. The company said in a brief statement on May 17 that it had filed regulatory papers with the U.S. Securities Read More →

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