Bob Evans Shareholder Aims To Sell Prepared-foods Division

Bob Evans Farms' most outspoken shareholder has announced plans aimed at forcing a shareholder vote on whether to sell the company's prepared-foods division. Thomas Sandell, a Swedish billionaire and activist investor, informed the company's shareholders of the intention in an open letter. Bob Evans Foods, the division that makes sausage, mashed potatoes and other items for retail and restaurant sales, has far outperformed the company's restaurants and Wall Street has hammered Bob Evans for its lackluster returns in recent years.adcelannotate = {"mobilepaywallcategory" : "MOBILE_PREM-BUSINESS","nativepaywallcategory" : "NATIVE_PREM-BUSINESS"};

 

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