INDIANAPOLIS The Steak n Shake Co. became the restaurant industry’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 ...
Register to view this article
It’s free but we need to know a little about you to continually improve our content.
Registering allows you to unlock a portion of our premium online content. You can access more in-depth stories and analysis, as well as news not found on any other website or any other media outlet. You also get free eNewsletters, blogs, real-time polls, archives and more.
Attention Print Subscribers: While you have already been granted free access to NRN we ask that you register now.We promise it will only take a few minutes!
Questions about your account or how to access content?