Key Developments For Star Buffet Inc
Star Buffet Inc (STRZ.O) (Consolidated Issue listed on NASDAQ Capital Market)
Star Buffet, Inc. Announces Dividend Suspension
Star Buffet, Inc. announced that its Board of Directors has voted to suspend its annual dividend for fiscal 2010.
Star Buffet, Inc. Announces Dividend
Star Buffet, Inc. announced that the Board of Directors has authorized payment of the Company's annual dividend of $0.60 per common share, payable on June 4, 2008 to shareholders of record on May 6, 2008.
Star Buffet, Inc. Completes Purchase Of Certain Barnhill's Buffet Restaurants
Star Buffet, Inc. announced that its wholly owned Star Buffet Management, Inc. subsidiary completed the previously announced acquisition of sixteen Barnhill's buffet restaurants located in Alabama (1), Arkansas (1), Florida (4), Louisiana (3), Mississippi (4) and Tennessee (3). Additionally, the Company continues to negotiate the purchase of additional Barnhill's buffet restaurants.
Star Buffet, Inc. Agrees To Acquire Buffet Restaurants
Star Buffet, Inc. announced that it had reached agreement, subject to certain conditions including bankruptcy court and selected creditor approvals, to purchase the operating assets of twenty-one Barnhill's buffet restaurants located in the states of Alabama, Arkansas, Florida, Louisiana, Mississippi and Tennessee. Star Buffet, Inc. plans to acquire the restaurants in conjunction with Barnhill's Buffet, Inc.'s (Barnhill's) plans to restructure operations as conveyed in their press release dated December 4, 2007. Barnhill's filed a petition for voluntary Chapter 11 reorganization with the U.S. Bankruptcy Court of the Middle District of Tennessee on December 3, 2007. A closing date for this transaction has not been determined. Terms of the deal were not disclosed.
Star Buffet, Inc. Announces Acquisition Of Two Restaurants
Star Buffet, Inc. announced the completion of two acquisitions - a 4B's Restaurant in Havre, Montana and a JJ North's Grand Buffet in Grants Pass, Oregon. This is the third purchase of a 4B's restaurant in the current fiscal year and the first purchase of a JJ North's Buffet since 1997. Terms of the transaction were not disclosed.
