There may never be a better time for private equity buyers to profit from sausages and family dining.
Bob Evans Farms Inc. shareholder Sandell Asset Management Corp. is seeking to replace eight of 10 directors on the restaurant chain’s board, ratcheting up its campaign for a corporate overhaul.
Bob Evans Farms Inc., facing criticism from shareholder Sandell Asset Management Corp. that its management has been ineffective, replaced three board members with new independent directors.
Bob Evans Farms Inc. directors were sued by a pension fund over claims the board improperly stripped investors of their rights to use a majority vote to amend the restaurant chain’s bylaws.
"This is the greatest lost treasure in United States history."
- Bob Evans on Apr 24, 2014