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DineEquity, Inc. (DIN) is being featured today as the Zacks #1 Rank Top Performer with a gain of more than 4%.
DIN, the parent company of Applebee’s Neighborhood Grill & Bar and IHOP Restaurants, is 1 of 5 companies from the Retail-Restaurants industry on the 234-stock Zacks #1 Rank List. The other 4 companies are The [...]
The Steak n Shake Company (SNS), and Western Sizzlin Corp. (WEST) jointly announced the execution of a non-binding Letter of Intent relating to a proposed merger of Western into a wholly-owned subsidiary of SNS. The Letter of Intent was negotiated between special committees of the boards of directors of both companies both of which were composed entirely of independent directors.
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The Letter of Intent considers that on or prior to closing Western will distribute to its stockholders all of the SNS shares beneficially owned by Western. Under terms, the consideration payable to Western's stockholders will be based on a net transaction valuation of about $22.96 million.
At closing, each share of Western's common stock would be converted into the right to receive an amount equal to approximately $8.11 in the principal amount of debentures issued by SNS.
Emergent Biosolutions (EBS) is leading the fight against Bio Terror - and making a good living doing it! The stock is up after a positive earnings announcement and is likely to continue climbing with its strong financial position.
As the U.S. restaurant industry struggles through the economic downturn, quick-service operators such as McDonald’s, Burger King and Wendy’s may enjoy a comparative advantage that helps them navigate the weakness better than their competitors in the casual-dining and higher-end segments, according to Moody’s Investors Service.
“Fast-food restaurants have a lower average check, [...]
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