Cracker Barrel adopts poison pill

Cracker Barrel adopts poison pill

The family-dining restaurant company introduces the measure in response to share purchases by activist investor Sardar Biglari

Cracker Barrel Old Country Store Inc. has introduced a new shareholder rights plan, or poison pill, to hinder a takeover as the company faces continued share purchases by activist investor Sardar Biglari.

Biglari and his San Antonio, Texas-based Biglari Holdings Inc., parent to the Steak ‘n Shake and Western Sizzlin restaurant chains, have been locked in a battle with Lebanon, Tenn.-based Cracker Barrel since last year, when

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