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Stock Market & Financial Investment News

News Breaks
February 1, 2013
12:33 EDTKRFT, SFD, CBRLCracker Barrel sued by Kraft over product sales, Reuters reports
Cracker Barrel (CBRL) is being sued by Kraft (KRFT) over its decision to start selling certain Cracker Barrel-branded products outside out of its restaurants and stores, Reuters reports. Kraft wants Cracker Barrel's license agreement with the John Morrell Food Group, part of Smithfield Foods (SFD), to be declared void as it violates its rights to the Cracker Barrel brand. Reference Link
News For KRFT;CBRL;SFD From The Last 14 Days
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April 17, 2014
09:55 EDTCBRLCracker Barrel to host special shareholder meeting
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April 14, 2014
11:05 EDTCBRLCracker Barrel says proxy advisors recommend voting against Biglari proposals
Earlier today, Cracker Barrel Old Country Store announced that Institutional Shareholder Services, ISS, Glass, Lewis and Egan-Jones Proxy Services have unanimously recommended that Cracker Barrel shareholders vote AGAINST the non-binding advisory proposals publicly made by Biglari Capital and its affiliates requesting Cracker Barrel’s Board to immediately pursue all potential extraordinary transactions, including the sale of the company, and take any action necessary to amend the Tennessee Business Corporation Act to permit Biglari Capital to engage in an extraordinary transaction with the company. In recommending shareholders vote AGAINST the non-binding advisory proposals, all three advisory firms voiced their support for Cracker Barrel’s current strategy and agreed that seeking an immediate sale of the company is not in the best interests of the company's shareholders in light of current market conditions and the company's sustained strong performance. Commenting on the endorsement for the current strategy, Sandra B. Cochran, Cracker Barrel's President and CEO, stated: “We are extremely pleased that ISS, Glass Lewis and Egan-Jones continue to support our current strategy and agree with our recommendation that our shareholders vote AGAINST both of the proposals. We continue to believe that execution of the current operational and strategic plan remains the best means for creating long-term value for all of our shareholders.”

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