Article: Roadhouse Grill Enters into Agreement and Plan of Merger with Steakhouse Partners, Inc.

POMPANO BEACH, Fla. -- Roadhouse Grill, Inc. (Pink Sheets:GRLL) today announced that it has entered into an agreement and plan of merger with Steakhouse Partners, Inc. (Pink Sheets:STKP) pursuant to which Steakhouse Partners will acquire the outstanding common stock of Roadhouse Grill. Under the terms of the merger agreement, shareholders of Roadhouse Grill, Inc. will receive net consideration equal to $0.772 per share in cash in exchange for their common stock. Steakhouse has also agreed to assume certain funded debt and liabilities of Roadhouse Grill.

The merger is subject to approval by Roadhouse Grill's shareholders, and holders of more than a majority of ...

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