Steak n Shake, Western Sizzlin detail merger
The sign of our times just keeps getting better with article after article talking about growth in the hospitality industry. Many concepts are merging to form a stronger organization which is a win for everyone, customers and restaurant employees alike. Steak n Shake Co. and Western Sizzlin Corp. said Friday they have signed an agreement to merge in a deal worth $38.8 million. The agreement, first announced as a plan in August, must still garner shareholder approval from Western Sizzlin’ and includes a 30-day “go-shop period” where additional acquisition proposals can be entertained, according to filings with federal securities regulators.…
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