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CARL KARCHER ENTERPRISES BOARD SPECIAL COMMITTEE REJECTS PROPOSAL TO TAKE COMPANY PRIVATE

 ANAHEIM, Calif., Dec. 18 /PRNewswire/ -- Carl Karcher Enterprises Inc. (NASDAQ: CARL) announced today that the special committee of its board of directors has rejected the previously announced proposal jointly made by Freeman Spogli & Co. and the Carl N. and Margaret M. Karcher Trust to take the company private for $9.50 per share.
 Peter Churm, chairman of the special committee, stated, "The committee unanimously concluded that, in view of the longer term prospects for the company, it would not be in the best interests of the shareholders to accept the $9.50 per share offer." Churm added that, "in reaching this conclusion, the committee has recognized the need for the company aggressively to address operational issues in order to achieve its full potential."
 Carl Karcher Enterprises Inc. operates Carl's Jr. restaurants, a regional quick-service chain known for its varied menu and healthful, premium quality products. Founded in 1941, the company, its franchisees and licensees operate more than 600 restaurants in California, Nevada, Oregon, Arizona, China, Japan, Malaysia and Mexico.
 -0- 12/18/92
 /CONTACT: Loren Pannier, CFO of Carl Karcher Enterprises, 714-778-7109; or Susan Klein or Roger Pondel of Pondel Parsons & Wilkinson, 310-207-9300, for Carl Karcher Enterprises/
 (CARL)


CO: Carl Karcher Enterprises Inc. ST: California IN: LEI SU:

KJ-LS -- LA005 -- 8072 12/18/92 09:02 EST
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Publication:PR Newswire
Date:Dec 18, 1992
Words:217
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