1. Activist Investor Plans to Increase Pressure on Bob Evans

    Activist Investor Plans to Increase Pressure on Bob Evans

    Last week, Bob Evans Farms announced that it had declined to make strategic changes recommended by one of its biggest investors. Now that investor, the hedge fund Sandell Asset Management, plans to turn up the heat on the restaurant operator...

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    1. While we strongly believe that the inherent value of Bob Evans is far in excess of the company's current share price, we have serious doubts regarding management's ability to realize this value.
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