Cracker Barrel Old Country Store Inc.’s largest single shareholder urged the family-dining operator Wednesday to consider strategic options, including a possible sale. Activist investor Sardar Biglari, chairman of San Antonio, Texas-based Biglari Holdings Inc., said in regulatory filings that the management and board of Lebanon, Tenn.-based Cracker Barrel were not maximizing returns for shareholders. In the filing, Biglari said Cracker Barrel's board “should undertake a value ...
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