Western Sizzlin begins tender offer for Jack in the Box

By Lisa Kerner

Charlotte, N.C., Oct. 15 - Western Sizzlin Corp. filed an S-4 with the Securities and Exchange Commission outlining its plans to hold an unsolicited exchange offer for Jack in the Box Inc.'s stock.

According to the filing, Western Sizzlin will exchange up to 680,500 shares, or 1.2%, of Jack in the Box's common stock for shares of Western Sizzlin's common stock.

Western Sizzlin said the offer ends at 5 p.m. ET on Nov. 13.

The exchange ratio for the offer will be 1.607 Western Sizzlin shares for each Jack in the Box share.

Jack in the Box common stock closed at $18.49 (NYSE: JBX) on Oct. 14.

Western Sizzlin, a holding company based in Roanoke, Va., said the exchange offer requires stockholder and regulatory approval and is not conditioned on any minimum number of Jack in the Box shares being tendered.

Jack in the Box is a San Diego-based restaurant company that operates and franchises Jack in the Box and Qdoba Mexican Grill restaurants and operates Quick Stuff convenience stores.

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