Western Sizzlin Corporation Terminates Exchange Offer for Jack in the Box Inc.
18 October 2008 - 7:45AM
PR Newswire (US)
ROANOKE, Va., Oct. 17 /PRNewswire-FirstCall/ -- Western Sizzlin
Corporation (NASDAQ:WEST) today announced that it has terminated
its exchange offer for up to 680,500 shares of Jack in the Box Inc.
(NYSE:JBX) as a result of a regulatory compliance condition.
Western intends to commence the exchange offer after Western's
registration statement on Form S-4 has become effective under the
Securities Act of 1933. As of the close of business on October 16,
2008, no shares of Jack in the Box common stock had been tendered
into the exchange offer. This press release is for informational
purposes only and is neither an offer to sell nor a solicitation of
an offer to buy any securities. Any exchange offer will be made
only through a registration statement and related materials. In
connection with the exchange offer, Western will file a
registration statement on Form S-4 (containing a prospectus) with
the Securities and Exchange Commission. Investors and stockholders
of Jack in the Box are advised to read this registration statement
and other disclosure materials, when they become available,
carefully because they will contain important information.
Investors and stockholders may obtain a free copy of the disclosure
materials and other documents to be filed by Western with the
Securities and Exchange Commission at the SEC's website at
http://www.sec.gov/. A free copy of the disclosure materials and
other documents of Western may also be obtained from Western upon
request by directing such request to the Information Agent for the
exchange offer, Morrow & Co., LLC, 470 West Avenue, Stamford,
CT 06902, E-mail: . Banks and brokerage firms please call: (203)
658-9400. Stockholders call toll free: (800) 607-0088.
Forward-Looking Statements This release contains forward-looking
statements relating to Western Sizzlin Corporation's exchange offer
for up to 680,500 shares of Jack in the Box Inc. common stock and
Western's expectations with regard to the proposed transaction.
These forward-looking statements are based on Western's current
intent, expectations, estimates and projections and are not
guarantees of future performance. These statements involve risks,
uncertainties, assumptions and other factors that are difficult to
predict and that could cause actual results to vary materially from
those expressed in or indicated by them. In addition, some factors
are beyond Western's control. Factors that could cause actual
results to differ materially from the statements made in this
release include, among others: (i) the willingness of Jack in the
Box stockholders to tender their shares in the exchange offer and
the number and timing of shares tendered; (ii) the satisfaction, or
waiver by Western to the extent legally permissible, of all
conditions to the exchange offer; and (iii) other factors as
described in filings with the Securities and Exchange Commission,
including the factors to be discussed under the heading "Risk
Factors" in Western's prospectus included in its registration
statement on Form S-4 that will be filed with the Securities and
Exchange Commission. DATASOURCE: Western Sizzlin Corporation
CONTACT: Robyn B. Mabe, Chief Financial Officer of Western Sizzlin
Corporation, +1-540-345-3195
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