INDIANAPOLIS The Steak n Shake Co. became the restaurant industryâ€™s most expensive stock listing on Monday after the company executed a 1-for-20 reverse stock split that left shares closing at $293.00 each. Prior to the reverse split, Steak n Shake shares had traded as high as $14.55, which was hit on Friday, and as low as $4.92 during the past 52 weeks. The move has reduced the number of outstanding shares from about 28.8 million to 1.4 million. In this reverse split, a shareholder would ...
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Contact: Desiree Torres Desiree.Torres@penton.com