Cracker Barrel Old Country Store Inc. has introduced a new shareholder rights plan, or poison pill, to hinder a takeover as the company faces continued share purchases by activist investor Sardar Biglari. Biglari and his San Antonio, Texas-based Biglari Holdings Inc., parent to the Steak ‘n Shake and Western Sizzlin restaurant chains, have been locked in a battle with Lebanon, Tenn.-based Cracker Barrel since last year, when shareholders rejected Biglari’s bid for a board ...
Register to view this article
It’s free but we need to know a little about you to continually improve our content.
Registering allows you to unlock a portion of our premium online content. You can access more in-depth stories and analysis, as well as news not found on any other website or any other media outlet. You also get free eNewsletters, blogs, real-time polls, archives and more.
Attention Print Subscribers: While you have already been granted free access to NRN we ask that you register now. We promise it will only take a few minutes!