CKE Restaurants (CKR) Repurchases 2 Million Shares from Pirate Capital

In a 13D filing on CKE Restaurants, Inc. (NYSE: CKR) after the close Friday, Pirate Capital disclosed they sold 2 million shares on 12/28 at $18.53, bringing their stake to 7.2% or 5,048,034 shares.

In a press release after the close Friday, CKE Restaurants noted they repurchased the two million shares from Pirate.

Pirate Capital has been adjusting a number of positions recently following the hedge funds shake-up in the fall. One of Pirate Capital's past employees Matthew Goldfarb is a member of the Board of Directors of CKE Restaurants.