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- Who's the boss? Activist investors drive changes at major chains: companies pursue 'shareholder-friendly' strategies in response to public pressure
- "Change will come. It's only a matter of who brings it." --Richard C. Breeden, hedge fund manager, Applebee 's stakeholder, former SEC chairman For more than two years, the restaurant industry has witnessed and been affected by the heightened activity of a new breed of "activist investors." ...
- Research articles 2007-04-23
Additional Resources
- Friendly Ice Cream Corporation's Offer of Two Board Seats is Rejected by Sardar Biglari
- WILBRAHAM, Mass. -- Friendly Ice Cream Corporation (AMEX: FRN) today announced that Sardar Biglari rejected the Company's offer of two seats on its Board of Directors for Mr. Biglari and his colleague, Phillip Cooley. The Company's offer contained only one condition - that they agree not to solicit any proxies...
- Research articles 2007-01-02
- Activist investor Biglari opposes pending IHOP-Applebee's deal
- ROANOKE, VA. -- Sardar Biglari, chairman and chief executive of The Lion Fund LP hedge fund and Western Sizzlin' Corp., parent of the 126-unit Western Sizzlin' family-dining chain, said he planned to vote against IHOP Corp.'s pending acquisition of Applebee's International Inc. because he regards the price as too low....
- Research articles 2007-08-06
- Deborah C. Hopkins Appointed Head of Corporate Strategy; Hamid Biglari Named Global Head of M&A for The Financial Institutions Group In The Global Corporate and Investment Bank
- Business Editors NEW YORK--BUSINESS WIRE--Dec. 17, 2002 Deborah C. Hopkins is joining Citigroup (NYSE: C) as Head of Corporate Strategy and a member of the Management Committee, reporting to Michael T. Masin, Vice Chairman and Chief Operating Officer. Hamid Biglari, whom she replaces, will join the Global...
- Research articles 2002-12-17
- Inside the Food Business's Priciest Stock
- In a letter to shareholders that is mostly about how his restaurant chain managed to go from $23 million in losses last year to earnings of $6 million this year despite the deepening recession, Steak 'n Shake SNS Chairman and CEO Sardar Biglari explains why...
- News items 2009-12-22
- Friendly board fight continues.
- The battle over the Friendly Ice Cream Corporation's Board of Directors seats continues with a substantial increase in the antagonism between the current board and leading shareholder Sardar Biglari. Biglari had demanded two seats on the board for himself and one of his partners in the...
- Research articles 2007-01-20
- Friendly being acquired.
- After months of corporate drama focused on a battle to control its board of directors, Friendly Ice Cream Corporation has resolved the conflict through the decision to be acquired by Freeze Operations Holding Corp, an affiliate of Sun Capital Partners, Inc. The major warring parties appear...
- Research articles 2007-06-20
- Hamid Biglari Joins Citigroup as Head of Corporate Strategy
- Business Editors
- Research articles 2000-12-12
- Friendly's aims to revive brand with new marketing, menu items
- WILBRAHAM, MASS. -- Friendly Ice Cream Corp., based here, the struggling parent of 515 Friendly's family-dining restaurants, after posting decreased sales and profit for its first quarter, said it would soon unveil several new menu items and marketing initiatives designed to re-energize the brand. The company has been under pressure...
- Research articles 2007-05-21
- Friendly Ice Cream Corporation to Increase Size of Board; Offers Shareholder Group Representation on the Board
- WILBRAHAM, Mass. -- Friendly Ice Cream Corporation (AMEX: FRN) today announced that it intends to increase the size of its Board of Directors from five to seven members. The Board is considering a number of highly qualified individuals with experience in the hospitality industry who they believe can bring substantial...
- Research articles 2006-12-06
- Janjua to resign Steak n Shake COO post
- INDIANAPOLIS -- Steak n Shake Co.'s chief operating officer, Omar Janjua, was expected to have resigned, effective Sept. 5, according to a filing with the Securities and Exchange Commission. No reason was given for his departure. Janjua joined Steak n Shake in June 2007 after leading operations services...
- Research articles 2009-09-07
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