Western Sizzlin puts Jack in the Box offer on hold

ROANOKE Va. Western Sizzlin Corp. on Friday terminated its stock-swap offer for a 1.2-percent stake in Jack in the Box Inc., but plans to try again after regulatory compliance obligations are met.

On Oct. 3, the parent of the 117-unit steakhouse brand said it would offer 1.607 shares of its stock for each share of Jack in the Box, up to 680,500 shares. However, as of Oct. 16, no Jack in the Box common shares had been tendered.

Jack in the Box has

Register to view the full article

Register to view this article

Hide comments

Comments

  • Allowed HTML tags: <em> <strong> <blockquote> <br> <p>

Plain text

  • No HTML tags allowed.
  • Web page addresses and e-mail addresses turn into links automatically.
  • Lines and paragraphs break automatically.
Publish