Cracker Barrel, activist investor spar over poison pill

Cracker Barrel, activist investor spar over poison pill

Chain asks shareholders to renew proposal to prevent hostile takeover

Cracker Barrel Old Country Store Inc.’s longtime battle with the activist investor Sardar Biglari, dormant for a year and a half, reappeared in recent days after the family-dining company asked shareholders to renew a shareholder rights plan to prevent Biglari from taking over the company.

Last week, Cracker Barrel asked shareholders to renew a poison pill adopted in 2012 that effectively prevents shareholders from acquiring more than 20 percent of the company. The chain adopted

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