date:Dec 27, 2013
ker Barrels assets would be far more productive under our leadership than in the hands of present leadership, Mr. Biglari wrote. Thus, we are willing to purchase the business because we perceive a significant upside under our management. But other sophisticated buyers also should have the opportunity to bid for the company.
He said his firm is willing to buy the business because he believes its current management lacks the entrepreneurial mind needed to create substantial value and that the com