date:Dec 27, 2013
In a Dec. 24 letter to Cracker Barrel chairman James W. Bradford, activist investor Sardar Biglari said his San Antonio-based investment firm, Biglari Capital Corp., which owns nearly 20% of Cracker Barrels outstanding shares, is willing to lead the process by submitting a bid for the company to improve its earning potential. But because Tennessee law restricts such a transaction, Mr. Biglari also wants the boards help in seeking an amendment to the state law to enable the deal.
We believe Crac