Friendly's Higher; They Hired a Banker
Read the full article at: http://13dtracker.blogspot.com/2007/03/friendly-ice-cream-frn-higher-news-they.html
Submitted by Geoff on Wed, 2007-03-07 13:37.
(via 13dtracker.blogspot.com)
Sardar Biglari is sitting pretty as Friendly's announces it has hired Goldman Sachs to help pursue strategic alternatives. "Biglari, and those that have followed him into the stock, have made a killing. The stock was at $7.75 per share on 08/07/06, the day Biglari filled his original 13D. Today the stock is at $13.32 - a gain of 72%. (Mr. Buffett we have a new candidate to takeover for you)."
