Bob Evans to spin off, sell up to 60% of real estate

Company may be open to separating restaurant, packaged food businesses

Bob Evans Farms Inc. plans to sell a significant portion of its real estate, the company said late Thursday, a move that has been expected since last fall, when an activist investor won a significant number of seats to its board.

The company also suggested that it is still open to separating its restaurant and packaged food businesses. Bob Evans has 564 restaurants.

Bob Evans did not disclose how many locations and what kind of transaction the move would entail. The co

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