ORANGE COUNTY

Karcher Restaurants Bought: Carl Karcher Enterprises of Anaheim purchased three restaurants from company founder Carl N. Karcher in January for $1.9 million. The transaction was disclosed in a proxy statement sent to shareholders Thursday. Earlier this month, the company said it planned to buy as much as $10 million worth of stock from Karcher. That purchase would reduce Karcher’s company holdings from 34% to 28%. The company said Karcher plans to use the money to “fulfill certain outstanding obligations.”