Restaurant News Resource - Western Sizzlin Restaurant Industry News

Western Sizzlin Corporation (Nasdaq: WEST) announced today that it has commenced the mailing of a definitive proxy statement/prospectus in connection with the proposed acquisition of Western by The Steak n Shake Company ( SNS).

Western Sizzlin Corporation (NASDAQ:WEST) , today announced that on November 6, 2009, Western completed its previously announced distribution to Western stockholders of a special dividend payable in the form of 1,322,806 shares of common stock of The Steak n Shake Company (NYSE:SNS) .

Western Sizzlin Corporation (NASDAQ:WEST) today announced that it has commenced an exchange offer for up to 680,500 shares of Jack in the Box Inc. (NYSE:JBX) . The exchange ratio for the offer is 1.607 shares of Western common stock for one share of Jack in the Box common stock.

Income from restaurant and franchise operations include accrued expenses of $741,287 and $289,109 in 2007, and 2006, respectively, associated with the lawsuit regarding sublet properties.

Western Sizzlin Corporation (NASDAQ:WEST) announced today that it has signed a term sheet to purchase a controlling interest in Houston, Texas-based Mustang Capital Advisors, LP, as well as in its general partner, Mustang Capital Management, LLC.

Continues to Recommend Shareholders Reject Offer

Western Sizzlin Corporation (BULLETIN BOARD: WSZL) announced that it has been approved to list its common stock on The Nasdaq Capital Market.

Western Sizzlin Corporation (BULLETIN BOARD: WSZL) announced today the results of its rights offering that commenced on October 17, 2007 and ended November 16, 2007. The firm also reported the opening of a Western Sizzlin restaurant, owned and operated by a new franchisee, and its submission of an application to list its common stock on the Nasdaq Capital Market.

Western Sizzlin Corporation's (OTC Bulletin Board: WSZL) Board of Directors today elected Martin S. Fridson to serve as a director on its Board. Mr. Fridson is the founder and Chief Executive Officer of FridsonVision LLC, an independent investment research firm.

For the third quarter ended September 30, 2007, net income was $2.5 million or $1.38 per basic and $1.37 per diluted earnings per share compared with net income of $85,000 or $0.07 per basic and diluted earnings per share for the third quarter of 2006.