Steak ‘n Shake and Western Sizzlin Corp. have announced they have signed a non-binding letter of intent to merge the Sizzlin group into a wholly-owned subsidiary of SNS. The deal is valued at $23 million. SNS has 486 restaurants, and the Sizzlin folks operate or franchise 113 outlets in 19 states. Full press release. (Vintage photo from Steak ‘n Shake website, all rights reserved by them).