Activist investor Sardar Biglari has initiated the process for calling a special shareholders meeting to discuss a potential sale of Cracker Barrel Old Country Store, Inc. (NasdaqGS:CBRL). Sardar Biglari has said he would initiate such a step if the restaurant chain did not voluntarily pursue a sale. Cracker Barrel has flatly rejected the suggestion from Biglari, who has thrice been denied a seat on the company's Board by shareholders.
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- Biglari Initiates Special Meeting To Discuss Cracker Barrel Sale