Biglari ups his stake in Steak n Shake

SAN ANTONIO Activist investor and Western Sizzlin Corp. chairman Sardar Biglari has increased to 8.6 percent his funds’ holdings in Steak n Shake Co. ahead of the family-dining operator’s February annual meeting, where Biglari and an associate have said they would seek board seats.

Biglari has been pressing for change at the struggling Steak n Shake since this summer when he first disclosed he would nominate himself and a colleague to Steak n Shake’s corporate b

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