Jack in the Box Throws Down a ‘Poison Pill’

Jack in the Box just pulled a wild move to keep Sardar Biglari (the Steak n Shake guy) from gobbling up more of their stock. They set up a ‘poison pill’—basically, if anyone tries to grab 12.5% or more, existing shareholders can buy more shares at half price, making a takeover way harder. Biglari’s already at 9.9% and clearly hungry for more. Fast food drama, anyone? #Food #JackInTheBox #BusinessDrama