Biglari Agrees to Antitrust Fine in Cracker Barrel Deal

Biglari Holdings Inc., a chain-restaurant operator, agreed to pay $850,000 to settle procedural antitrust violations stemming from its purchase of shares in Cracker Barrel Old Country Store Inc.

U.S. antitrust regulators alleged Biglari violated premerger reporting laws in connection with its 2011 acquisition of a stake in the Lebanon, Tennessee-based restaurant and gift shop operator. Businesses run by San Antonio-based Biglari Holdings include Steak ‘n Shake and Western Sizzlin restaurant chains.