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Biglari Holdings Ordinary Shs Class B C.BH


Primary Symbol: BH Alternate Symbol(s):  BH.A

Biglari Holdings Inc. is a holding company owning subsidiaries engaged in a number of diverse business activities, including property and casualty insurance, licensing and media, restaurants, and oil and gas. The Company’s restaurant operations are conducted through two subsidiaries: Steak n Shake Inc. (Steak n Shake) and Western Sizzlin Corporation (Western Sizzlin) for a combined 492 units. Its insurance activities are conducted through two insurance entities, First Guard Insurance Company and its affiliated agency, 1st Guard Corporation (First Guard), and Southern Pioneer Property & Casualty Insurance Company and its affiliated agency, Southern Pioneer Insurance Agency, Inc. (Southern Pioneer). Its insurance businesses provide insurance of property and casualty. The Company's oil and gas operations are conducted through two entities, Abraxas Petroleum Corporation (Abraxas Petroleum) and Southern Oil Company (Southern Oil). Abraxas Petroleum operates oil and natural gas wells.


NYSE:BH - Post by User

Post by no7on Dec 02, 2009 10:01am
289 Views
Post# 16544698

good news !!!

good news !!!
"It's good news! Read before making comments folks.

It means BH make the case sooner for NOT delisting….this means the company has a good case to be made so they (BH) are opting to take the opportunity offered by the Expedited Review Process….if they didn’t have a good case they would have waited for the full 121 something days allowed

oExpedited Review Process

(b) A listed issuer that has been notified that it is under delisting review:

i) because of the applicability of any of the delisting criteria in Section 708, paragraph (a) of Section 710 or Sections 713 to 716 inclusive; or

ii) because the listed issuer has failed to meet original listing requirements by the deadline set by TSX in connection with any of the events described in Section 717; or

iii) because TSX believes that the expedited suspension from trading and delisting of the listed issuer's securities is warranted;

will be provided an opportunity to be heard, on an expedited basis, where the listed issuer may present submissions as to why its securities should not be suspended from trading immediately and delisted. If the listed issuer cannot satisfy TSX that an immediate suspension is unwarranted, TSX will determine to suspend the listed issuer's securities from trading as soon as practicable after such hearing and the listed issuer's securities will be delisted on the 30th calendar day after the suspension date. During the period between the suspension date and delisting date, the listed issuer remains subject to all TSX requirements, including compliance with the provisions of Sections 501 and 602, regardless of whether the listed issuer had been exempted from the requirements of Section 501 prior to suspension."

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