Bob Evans Farms, Inc. Responds to Shareholder Activism

Client Type: Public Company

Bass, Berry & Sims counseled Bob Evans Farms, Inc. in response to an activist campaign led by hedge fund Sandell Asset Management Corp. Sandell pursued eight directors, a sale of the company’s foods division and a significant sale/leaseback of its real estate. We counseled the company through the annual meeting.

Bob Evans Farms, Inc. (NASDAQ: BOBE) owns and operates full-service restaurants under the Bob Evans Restaurants brand name. At the end of the first fiscal quarter (July 25, 2014), Bob Evans Restaurants owned and operated 562 family restaurants in 19 states, primarily in the Midwest, mid-Atlantic and Southeast regions of the United States.

Bass, Berry & Sims counseled Bob Evans Farms, Inc. in response to an activist campaign led by hedge fund Sandell Asset Management Corp. Sandell pursued eight directors, a sale of the company’s foods division and a significant sale/leaseback of its real estate. We counseled the company through the annual meeting.

Bob Evans Farms, Inc. (NASDAQ: BOBE) owns and operates full-service restaurants under the Bob Evans Restaurants brand name. At the end of the first fiscal quarter (July 25, 2014), Bob Evans Restaurants owned and operated 562 family restaurants in 19 states, primarily in the Midwest, mid-Atlantic and Southeast regions of the United States.