Cracker Barrel agrees to special shareholder meeting

|About: Cracker Barrel Old Countr... (CBRL)|By:, SA News Editor

Cracker Barrel (CBRL) takes some shots at Sardar Biglari and his quest to call a special meeting of shareholders.

Though the company has agreed to set the meeting after conceding the activist investor will gain the 20% threshold required, it notes rather caustically that Biglari has failed three times in his bid to land a board seat and continues to be a distraction.

"It is hard to avoid the conclusion that Mr. Biglari is now just engaged in harassment of the Company."

The special meeting will occur on April 23.