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CARL KARCHER ENTERPRISES ISSUES STATEMENT IN RESPONSE TO UNUSUAL TRADING VOLUME

 CARL KARCHER ENTERPRISES ISSUES STATEMENT
 IN RESPONSE TO UNUSUAL TRADING VOLUME
 ANAHEIM, Calif., Sept. 4 /PRNewswire/ -- In response to the unusual trading volume yesterday, Carl Karcher Enterprises, Inc. (NASDAQ: CARL) has issued the following statement:
 Carl N. Karcher, chairman of Carl Karcher Enterprises, in his capacity as trustee of the Carl N. and Margaret M. Karcher Trust holding approximately 6.2 million shares of the company's stock, has held discussions with an investment group about jointly making an offer to acquire the company.
 No agreement has been reached about whether to make such an offer or if so, at what price an offer would be made. However, Mr. Karcher has been informed by the investment group that based on its analysis to date, an offer for the company, if any, would not likely be at a price in excess of $10.00 per share. No assurance can be given that an offer will be made or, if made, that any agreement will be reached concerning an acquisition of the company.
 -0- 9/3/92
 /CONTACT: Loren Pannier, CFO of Carl Karcher Enterprises, 714-778-7109/ CO: Carl Karcher Enterprises Inc. ST: California IN: LEI SU:


KJ -- LA008 -- 6791 09/04/92 08:03 EDT
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Publication:PR Newswire
Date:Sep 4, 1992
Words:202
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