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.
Jul 8 2014 | 10:48am ET
The surge in derivatives regulation is among the most complex challenges facing the financial services industry today. Northern Trust’s Joshua Satten recently spoke with FINalternatives to share insights into the challenges presented by new regulation and explore how the industry is responding. Read more…