The Traderszone Network

Published in TZ Latest News 12 August, 2014 by The TZ Newswire Staff

Activist investor turns up heat on Bob Evans

Sandell Asset Management is proposing a board takeover at family-restaurant chain Bob Evans Farms, pressing for the company to shed its grocery unit, raise cash from real estate holdings and slash expenses. Management is fiercely opposed. Shareholders vote next week on the company’s future.