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Lion Fund buys 107,500 shares of Steak n Shake, boosts stake to 9.2%
By Lisa Kerner
Charlotte, N.C., Aug. 25 - Investors led by Lion Fund, LP bought 107,500 shares of Steak n Shake Co. between Aug. 19 and Aug. 21 priced from $10.06 to $10.31 each, according to a schedule 13D/A filed with the Securities and Exchange Commission on Tuesday.
Lion Fund beneficially owns 2,645,245 shares, or 9.2%, of the Indianapolis-based casual dining restaurant franchisor.
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