Biglari Holdings (BH) issues a statement in response to allegations made by the FTC regarding...

|About: Biglari Holdings Inc. (BH)|By:, SA News Editor

Biglari Holdings (BH) issues a statement in response to allegations made by the FTC regarding the settlement reached in BH's acquisition of shares of Cracker Barrel Old Country Store (CBRL). BH says it filed for Hart-Scott-Rodino approval concerning its purchase of shares of CBRL, and received FTC clearance in September 2011, and and promptly disclosed all purchases in the marketplace fully and promptly. Furthermore, it didn't nominate any directors to the Board until after the Hart-Scott-Rodino forms had been filed.