Buffets, Inc. (Nasdaq: BOCB) announced today that a special meeting of the shareholders of Buffets, Inc. will be held on September 28, 2000 at 9:00 a.m., local time, at the company’s headquarters, 1460 Buffet Way, Eagan, Minnesota 55121. The purpose of the special meeting is to consider and vote upon a proposal to approve the Agreement and Plan of Merger among Buffets and affiliates of Caxton-Iseman Capital, Inc. Holders of Buffets’ shares on August 25, 2000 are entitled to attend and vote at the meeting.
Buffets shareholders will receive a proxy statement and information regarding the merger prior to the special meeting. The proxy statement is expected to be mailed to shareholders beginning today.
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Buffets, Inc. currently operates 404 restaurants (253 Old Country Buffet®, 127 HomeTown Buffet®, 12 Original Roadhouse Grill(SM), six Granny’s Buffet®, three Tahoe Joe’s Famous Steakhouses®, two Country Roadhouse Buffet & Grill®, and one Soup `N Salad Unlimited(SM) in 37 states, and franchises 24 buffet restaurants in 10 states.
Buffets has filed a proxy statement and other relevant documents concerning the merger with the United States Securities and Exchange Commission (the “SEC”). WE URGE INVESTORS TO READ THE PROXY STATEMENT AND ANY OTHER RELEVANT DOCUMENTS TO BE FILED WITH THE SEC, BECAUSE THEY CONTAIN IMPORTANT INFORMATION. Investors will be able to obtain the documents free of charge at the SEC’s web site, http://www.sec.gov. In addition, documents filed with the SEC by Buffets will be available free of charge from the Secretary of Buffets at 1460 Buffet Way, Eagan, Minnesota 55121; Telephone 651-994-8608.
PLEASE READ THE PROXY STATEMENT CAREFULLY BEFORE MAKING A DECISION CONCERNING THE MERGER.
Buffets and its board of directors will be soliciting proxies from Buffets shareholders in favor of the merger. You can obtain more information about Buffets’ directors and officers and their beneficial interests in Buffets’ common stock from the SEC’s web site, http://www.sec.gov.
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