Monday, September 10, 2007

Biglari's Lion Fund Raises Stake in Steak n Shake (SNS) to 6.7%

In an amended 13D filing on Steak n Shake Co. (NYSE: SNS), Sardar Biglari's Lion Fund disclosed a 6.7% stake (1,913,345 shares) in the company. This is up from the 5.8% stake (1,659,445 shares) the firm disclosed in the original 13D filing in August.

In the August filing, Biglari disclosed a letter to the company nominating Sardar Biglari and Philip L. Cooley for election to the Board of Directors at the Issuer's 2008 annual meeting of shareholders.

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