Biglari Holdings Inc. (NYSE: BH) announced the terms of a new offering of transferable subscription rights. The Company will distribute one transferable subscription right (“Right”) for each share of its common stock to shareholders of record at the close of business on August 19, 2014. Every five (5) Rights will entitle a shareholder to subscribe for one share of common stock at a price of $250.00 in cash per share. Shares currently trade for $429.70. Source: Filing
Rights Offering
