CKE to Buy Santa Barbara Restaurant Group

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Santa Barbara, California-CKE Restaurant Group Inc.,operator of the Carl's Jr. and Hardee's chains, plans toacquire Santa Barbara Restaurant Group, which operates La Salsa,Timber Lodge Steakhouse and Green Burrito. The deal will eliminatefurther royalties that CKE, Green Burrito's largest franchisee,pays to Santa Barbara Restaurant, while also giving CKE anopportunity to expand the La Salsa chain, a CKE representativesaid. -Reuters

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