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Wolosky Handles Lone Star $600 Million Sale

August 18, 2006

Lone Star Steakhouse & Saloon, Inc. (NASDAQ: STAR), a restaurant chain based in Wichita, Kansas announced it had signed a definitive agreement to be acquired by affiliates of Lone Star Funds, a Dallas-based private equity firm, in a transaction valued at $600 million. The deal remains subject to shareholder approval. The Olshan team representing Lone Star Steakhouse & Saloon Inc. includes Steven Wolosky, Kenneth A. Schlesinger, Thomas D. Kearns, Hyman Kindler, Michael R. Neidell and Jonathan H. Deblinger.