Cracker Barrel (CBRL) adopts a shareholder rights plan after activist investor Sardar Biglari...

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

Cracker Barrel (CBRL) adopts a shareholder rights plan after activist investor Sardar Biglari moved to shake up the board and gain a major stake in the restaurant chain. Biglari, which owns a 9.3% stake in CBRL, is known for taking over struggling restaurants and returning shareholder value; CBRL shares -26% YTD.