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Summit Restaurants Co

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June 20, 1996 | GREG JOHNSON, TIMES STAFF WRITER
CKE Restaurants Inc. will abandon its plans to acquire Summit Restaurants Inc. if a significant number of the Salt Lake City-based company's shareholders object to the deal, said William P. Foley II, CKE's chairman and chief executive. Speaking at CKE's annual meeting Wednesday at the Irvine Marriott, Foley said that he hopes to complete the previously announced deal that would give CKE Restaurants control over 124 restaurants that Summit operates in Western states.
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BUSINESS
June 20, 1996 | GREG JOHNSON, TIMES STAFF WRITER
CKE Restaurants Inc. will abandon its plans to acquire Summit Restaurants Inc. if a significant number of the Salt Lake City-based company's shareholders object to the deal, said William P. Foley II, CKE's chairman and chief executive. Speaking at CKE's annual meeting Wednesday at the Irvine Marriott, Foley said that he hopes to complete the previously announced deal that would give CKE Restaurants control over 124 restaurants that Summit operates in Western states.
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