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Monday, December 12, 2011

TIMELINE-Biglari takes a crack at Cracker Barrel, (NYSE: BH), (NASDAQ: CBRL)

Cracker Barrel Old Country Store Inc's largest shareholder and activist investor Sardar Biglari -- who through Biglari Holdings operates rival restaurant chains Steak n Shake and Western Sizzlin -- is engaged in a public spat with the company's board whom he accuses of lacking "accountability, transparency, and stock ownership." Following are key dates in the showdown:June 14 - Cracker Barrel says Sardar Biglari picks up above 9 percent stake in the family dining chain.

Biglari Holdings Inc. is a holding company engaged in a range of diverse business activities. Shares of BH fell by 1.17% or $-4.2/share to $353.30. In the past year, the shares have traded as low as $279.86 and as high as $464.77. On average, 10764 shares of BH exchange hands on a given day and today's volume is recorded at 3123.

Cracker Barrel Old Country Store, Inc. is principally engaged in the operation and development of the Cracker Barrel Old Country Store concept (Cracker Barrel). Shares of CBRL fell by 0.08% or $-0.04/share to $49.69. In the past year, the shares have traded as low as $37.31 and as high as $57.25. On average, 295120 shares of CBRL exchange hands on a given day and today's volume is recorded at 109759.



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