Loading…
Tuesday, August 04, 2015
Current Weather
Loading Current Weather....
Published: Tuesday, 12/10/2013 - Updated: 1 year ago

BUSINESS BRIEF

Investor turns up heat over Bob Evans snub

BLADE STAFF

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

Sandell said Monday it will move for change at Bob Evans, potentially including replacing its directors.

The hedge fund began a so-called consent solicitation, which will let investors vote on changes at Bob Evans outside an annual meeting. Sandell owns about 6.5 percent of Bob Evans stock, making it the second-largest shareholder.


Recommended for You


Guidelines: Please keep your comments smart and civil. Don't attack other readers personally, and keep your language decent. If a comment violates these standards or our privacy statement or visitor's agreement, click the "X" in the upper right corner of the comment box to report abuse. To post comments, you must be a Facebook member. To find out more, please visit the FAQ.

Related stories









Poll