Cracker Barrel (CBRL -0.2%) rolls out a new poison pill to guard against hostile takeover...

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

Cracker Barrel (CBRL -0.2%) rolls out a new poison pill to guard against hostile takeover attempts, adding a provision that would take effect if any shareholder takes a 20% stake in the restaurant chain. CNRL's move a year after shareholders rejected a 10% trigger is another attempt to make itself less tasty to large shareholder Biglari Holdings (BH).