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Published on 8/6/2009 in the Prospect News Special Situations Daily.

Lion Fund affiliate sells Steak n Shake shares, keep 9.6% stake

By Lisa Kerner

Charlotte, N.C., Aug. 6 - Investors led by Lion Fund, LP sold 30,000 shares of Steak n Shake Co. between July 17 and July 27 priced from $10.41 to $10.62 each, according to a schedule 13D/A filed with the Securities and Exchange Commission on Thursday.

Lion Fund beneficially owns 2,762,304 shares, or 9.6%, of the Indianapolis-based casual dining restaurant franchisor.


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