Merger off for Rally's, Checkers

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Rally's Hamburgers and Checkers Drive-In Restaurants called off their merger, citing their inability to obtain prior approval from the Securities & Exchange Commission for favorable accounting treatment. Rally's Hamburgers and its franchisees operate 473 restaurants, primarily in the Midwest; Checkers Drive-In Restaurants and its franchisees operate 478, primarily in the Southeast.

Copyright June 1997, Crain Communications Inc.

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