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Steak n' Shake Plans 1 for 20 Reverse Stock Split to 'Dissuade Speculators'

Posted Dec 17th 2009 3:40PM by Zac Bissonnette (RSS feed)
Filed under: Management

Sardar Biglari is a really, really smart guy.

Back in 2007, he made millions after launching an activist campaign to gain control of Friendly's -- a campaign that culminated in the sale of the company to a private equity firm at a hefty premium.

Since then, he's taken control of Western Sizzlin and Steak n' Shake (SNS), and has ambitious plans to turn Steak n' Shake into a Warren Buffett-style holding company focused on cash flow and financial metrics.

Oh, and by the way: he's 32 years old.

Continue reading Steak n' Shake Plans 1 for 20 Reverse Stock Split to 'Dissuade Speculators'

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