Cracker Barrel Old Country Store Inc's top shareholder, Sardar Biglari, said he was considering a bid for the restaurant chain, the activist investor's latest attempt to take control of the company.Sardar Biglari, through his investment firm Biglari Holdings , has been pushing for change at the owner of Steak 'n Shake and Western Sizzlin restaurants for more than two years, saying the company's "earning power" was far too low under the current management.Biglari Holdings, which holds a 19.9 percent stake in Cracker Barrel, said on Tuesday it was in talks with an investment bank to finance a deal.Cracker Barrel's shares rose 1 percent in early trading.
Berkshire Hathaway Inc. (Berkshire) is a holding company owning subsidiaries engaged in a number of diverse business activities. Shares of BH traded higher by 1.59% or $8.15/share to $519.21. In the past year, the shares have traded as low as $338.90 and as high as $512.89. On average, 6386 shares of BH exchange hands on a given day and today's volume is recorded at 3087.
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 traded higher by 1.74% or $1.92/share to $112.31. In the past year, the shares have traded as low as $62.65 and as high as $118.63. On average, 172422 shares of CBRL exchange hands on a given day and today's volume is recorded at 138416.
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