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Stock Market & Financial Investment News

News Breaks
November 18, 2012
13:20 EDTUNAMUnico American issues statement regarding Biglari Holdings
Unico American Corporation 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, with the U.S. Securities and Exchange Commission 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, or any representative thereof. Also, Unico’s management and its Board of Directors did not share any substantive communication with Sardar Biglari, Biglari Holdings, or any representative thereof.
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