Arab Today, arab today cracker barrel rejects biglari attempt to join the board
Last Updated : GMT 08:53:10
Arab Today, arab today
Arab Today, arab today

Cracker Barrel rejects Biglari attempt to join the board

Arab Today, arab today

Arab Today, arab today Cracker Barrel rejects Biglari attempt to join the board

Lebanon - UPI

U.S. retail chain Cracker Barrel Old Country Store Inc., said it had rejected activist investor Sardar Biglari\'s latest attempt to recast the company board. Biglari has twice pushed for shareholder votes on new leadership and twice shareholders have turned down the candidates by large majorities, The Wall Street Journal reported Monday. Biglari owns about 19 percent of the chain, which is a combination retail store and restaurant chain. In the latest attempt to place two nominees on the board, Lion Fund II, a hedge fund in San Antonio, Texas, submitted nominations on Biglari\'s behalf. The board turned them down. \"Despite being rejected by a significant margin of the vote of our shareholders in each of the last two years, Mr. Biglari has again chosen to re-fight the battle to elect himself and Mr. [Philip] Cooley [vice chairman of Biglari Holdings],\" said Cracker Barrel Chairman James Bradford in a statement. The board, however, announced Monday Martha Mitchell, a board member since 1993, would retire when her term ends. Cracker Barrel has attempted to buy Biglari\'s shares, but he turned down their $300 million offer, the Journal said.  

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today cracker barrel rejects biglari attempt to join the board Arab Today, arab today cracker barrel rejects biglari attempt to join the board

 



Arab Today, arab today

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today cracker barrel rejects biglari attempt to join the board Arab Today, arab today cracker barrel rejects biglari attempt to join the board

 



Arab Today, arab today France defies terrorism through tourism

GMT 15:18 2017 Saturday ,20 May

France defies terrorism through tourism
Arab Today, arab today Zainab Fadel Oglu designs “Shakerin” mosque

GMT 12:13 2017 Thursday ,11 May

Zainab Fadel Oglu designs “Shakerin” mosque
View News in Arabic - Business: نفط وبتروكيماويات
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Mozambique's gas boom dream under threat

GMT 16:29 2017 Monday ,08 May

Mozambique's gas boom dream under threat
Arab Today, arab today Prepares to give stargazers an eyeful

GMT 13:38 2017 Monday ,06 March

Prepares to give stargazers an eyeful
Arab Today, arab today Jaguar displays XF Sportbrake line

GMT 14:36 2017 Monday ,08 May

Jaguar displays XF Sportbrake line
Arab Today, arab today BMW sees forecasts in reach

GMT 09:04 2017 Thursday ,04 May

BMW sees forecasts in reach
Arab Today, arab today Climate science: Bad news gets worse

GMT 08:48 2017 Saturday ,06 May

Climate science: Bad news gets worse
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday