CKE Restaurants, Inc. and Santa Barbara Restaurant Group, Inc. Set to Close Merger

Feb 28, 2002, 00:00 ET from CKE Restaurants, Inc. from ,Santa Barbara Restaurant Group, Inc. 

    SANTA BARBARA, Calif., Feb. 28 /PRNewswire-FirstCall/ -- CKE Restaurants,
 Inc. (NYSE:   CKR), and Santa Barbara Restaurant Group, Inc. (Nasdaq:   SBRG),
 announced today that their previously announced merger in which
 CKE Restaurants will acquire Santa Barbara Restaurant Group has been approved
 by both companies' stockholders at meetings held earlier today.  The companies
 anticipate closing the merger tomorrow, Friday, March 1, 2002.  Based upon the
 average closing price of the CKE common stock for the ten trading day period
 ending two days prior to March 1, 2002, which was $10.183, each share of SBRG
 common stock will be exchanged for 0.491 shares of CKE common stock.
     CKE Restaurants owns, operates and franchises approximately
 3,400 quick-service restaurants, primarily under the Carl's Jr. and Hardee's
 brand names.
     Santa Barbara Restaurant Group is engaged in the food service industry.
 As of February 28, 2002 the Company operated 56 La Salsa restaurants,
 25 Timber Lodge Steakhouse restaurants, and 5 Green Burrito restaurants.
 Santa Barbara Restaurant Group also franchises 39 La Salsa restaurants,
 30 Green Burrito stand-alone restaurants, one Timber Lodge Steakhouse
 restaurant and 195 Green Burrito dual-concept restaurants.
 
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SOURCE  CKE Restaurants, Inc.; Santa Barbara Restaurant Group, Inc.


    SANTA BARBARA, Calif., Feb. 28 /PRNewswire-FirstCall/ -- CKE Restaurants,
 Inc. (NYSE:   CKR), and Santa Barbara Restaurant Group, Inc. (Nasdaq:   SBRG),
 announced today that their previously announced merger in which
 CKE Restaurants will acquire Santa Barbara Restaurant Group has been approved
 by both companies' stockholders at meetings held earlier today.  The companies
 anticipate closing the merger tomorrow, Friday, March 1, 2002.  Based upon the
 average closing price of the CKE common stock for the ten trading day period
 ending two days prior to March 1, 2002, which was $10.183, each share of SBRG
 common stock will be exchanged for 0.491 shares of CKE common stock.
     CKE Restaurants owns, operates and franchises approximately
 3,400 quick-service restaurants, primarily under the Carl's Jr. and Hardee's
 brand names.
     Santa Barbara Restaurant Group is engaged in the food service industry.
 As of February 28, 2002 the Company operated 56 La Salsa restaurants,
 25 Timber Lodge Steakhouse restaurants, and 5 Green Burrito restaurants.
 Santa Barbara Restaurant Group also franchises 39 La Salsa restaurants,
 30 Green Burrito stand-alone restaurants, one Timber Lodge Steakhouse
 restaurant and 195 Green Burrito dual-concept restaurants.
 
                     MAKE YOUR OPINION COUNT -  Click Here
                http://tbutton.prnewswire.com/prn/11690X18942743
 
 SOURCE  CKE Restaurants, Inc.; Santa Barbara Restaurant Group, Inc.