Checkers Drive-In Restaurants, Inc. to Explore Strategic Alternatives
Checkers Drive-In Restaurants, Inc. (Nasdaq: CHKR) announced that the Company's Special Committee of the Board of Directors has retained Citigroup Global Markets Inc. as its financial advisor and Thelen Reid & Priest LLP as its legal advisor to help identify and evaluate various strategic alternatives that could enhance shareholder value.
Checkers Drive-In Restaurants, Inc.'s Board of Directors believes that the Company's current stock price is not representative of the financial performance of the Company. As a result, the Board has retained Citigroup to explore strategies to maximize shareholder value. Such strategies may include, but are not limited to, a sale of the Company, acquisitions, and/or significant share repurchases. The Board will evaluate the alternatives and pursue those it believes are in the best interests of its shareholders and the Company. There can be no assurance that this strategic alternative process will result in a transaction or transactions.
About Checkers Drive-In Restaurants, Inc.
Checkers Drive-In Restaurants, Inc. is headquartered in Tampa, Florida.
About Checkers Drive-In Restaurants, Inc.
Checkers Drive-In Restaurants, Inc. is headquartered in Tampa, Florida.
