Dec 8 2006 | 3:58pm ET
Sardar Biglari, founder of activist hedge fund firm Biglari Capital Corp, has an appetite for Friendly Ice Cream Corporation. On Dec. 4, Biglari, who owns approximately 15% of the outstanding common stock of the company, sent a letter to Friendly’s shareholders clamoring for two seats on the company’s board of directors.
Biglari intends to attend Friendly’s next shareholder meeting on May 9, whereby he will nominate himself and Philip Cooley, a director of The Lion Fund, to the company’s board.
Mar 10 2014 | 11:33am ET
A huge thank you to all of the people who helped make last Thursday’s HFC NY Open Your Heart to the Children Benefit such a success. The charity gala raised nearly $2 million to prevent and treat child abuse in New York, New Jersey and Connecticut. Read more…