Ryan's Restaurant Group, Inc. reported that on September 28, 2006, it reached an agreement in principle and subject to court approval for the settlement of the putative shareholder class action that was filed on July 28, 2006 in connection with the anticipated merger between Ryan's and Buffets, Inc.
Creating Nation's Largest Buffet Restaurant Chain; Combined Company to Operate Approximately 675 Restaurants in 42 States; Ryan's Shareholders to Receive $16.25 Per Share in Cash