Unico American Responds to Concerns Regarding Biglari Holdings
Unico American Corporation (NASDAQ: UNAM) announced today that it has received inquiries and concerns from a
number of its shareholders, the media and members of the general public
about information contained in the Schedule 13D form filed by Sardar
Biglari for Biglari Holdings Inc., with the U.S. Securities and Exchange
Commission earlier this week.
In the interest of continuing its tradition of providing complete,
unambiguous and timely disclosure to the public, Unico's management
elected to issue this announcement.
Unico's management and its Board of Directors did not receive any
tangible or credible proposal or description about “ways of
maximizing shareholder value” with respect to