Wolosky Quoted in Law360 Regarding Increased Shareholder Activism at Major Restaurant Companies
January 17, 2014
Activist Group chairman Steve Wolosky was quoted as an expert in a Law360 article (subscription required) highlighting the recent surge in shareholder activism targeting chain restaurant companies and how such activist involvement could prompt an increase in real estate deals over the coming months. Wolosky was quoted as saying that, “I would expect that in 2014, the restaurant industry will see a substantial amount of activism ... [much] of which will only strengthen companies' balance sheets." Olshan activist clients Starboard Value LP and Biglari Holdings were cited for their respective restaurant company investments at Darden Restaurants and Cracker Barrel.