Steak n Shake airs first steps in strategic revamp

INDIANAPOLIS Pressed for strategic changes by two investor groups, Steak n Shake Co. said today that it would "critically" review costs and intensify its focus on field operations. The 490-unit casual-dining operator also said it would evaluate "potential opportunities" through a newly appointed financial advisor and a just-formed special committee of outside directors.

In addition, the new strategic plan calls for "simplifying initiatives," though Steak n Shake

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