date:Dec 31, 2013
Barrels assets would be far more productive under our leadership than in the hands of present leadership, Mr. Biglari wrote. Thus, we are willing to purchase the business because we perceive a significant upside under our management. But other sophisticated buyers also should have the opportunity to bid for the company.
In response, the board of directors for Cracker Barrel said its existing business strategy is currently the proper course of action for the long-term best interests of the comp