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Cracker Barrel Disses Activist Investor

  • Forbes, Tuesday, December 31, 2013 9:48 AM

Cracker Barrel fended off a request from Sardar Biglari, who has 20% stake. Biglari, chairman and CEO of Biglari Holdings, sent a Christmas Eve letter of intent to CEO James Bradford asking that Cracker Barrel put itself up for sale. Biglari also lamented Cracker Barrel’s "Duck Dynasty"’s merchandise flip-flop: the company  pulled items after Phil Robertson’s anti-gay remarks, only to reinstate the products 24 hours later.

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