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Stock Market & Financial Investment News

News Breaks
November 16, 2012
18:42 EDTUNAM, BHUnico American issues statement regarding Biglari
Unico American Corporation (UNAM) announced that it has received inquiries and concerns from a number of its shareholders, the media and members of the general public about information contained in the Schedule 13D form filed by Sardar Biglari for Biglari Holdings (BH), with the SEC earlier this week. In the interest of continuing its tradition of providing complete, unambiguous and timely disclosure to the public, Unico's management elected to issue this announcement: "Unico's management and its board of directors did not receive any tangible or credible proposal or description about 'ways of maximizing shareholder value' with respect to Unico from Sardar Biglari, Biglari Holdings Inc., or any representative thereof. Also, Unico's management and its board of directors did not share any substantive communication with Sardar Biglari, Biglari Holdings Inc., or any representative thereof. Except as required by law, Unico's management and its board of directors does not engage in substantive private communications that might reasonably be characterized as containing insider information unless it has first established a nondisclosure agreement that is acceptable to it. Unico has not received an acceptable nondisclosure agreement from Sardar Biglari, Biglari Holdings Inc., or any representative thereof."
News For UNAM;BH From The Last 14 Days
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February 20, 2015
17:16 EDTBHGabelli lowers stake in Biglari to 9.54% from 9.69%
Gabelli sent a letter to the CEO of Biglari stating that it would support Biglari's incumbents at the upcoming annual meeting of shareholders if the Lion Fund shares abstained from voting. If the Lion Fund shares did not abstain and are directed to vote for the incumbents, Gabelli "will look more favorably upon the slate of directors intended to be nominated by The Groveland Group."

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