Cracker Barrel responds to Biglari’s latest demand for sale

Cracker Barrel responds to Biglari’s latest demand for sale

Company to stick with current strategy despite activist investor’s Dec. 24 filing

Cracker Barrel Old Country Store Inc. rebuffed activist investor Sardar Biglari’s Dec. 24 filings that again called for the company to consider strategic alternatives, including a possible sale.

The Lebanon, Tenn.-based family-dining and retail chain said in a statement made on Monday that its board had considered Biglari’s call for a possible sale and “determined that the continued execution of the company’s existing business strategy is currently the proper c

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