Bob Evans unmoved by activist investor demands

Bob Evans unmoved by activist investor demands

Family-dining brand rejects Sandell Asset Management's calls for “financial engineering” despite subpar performance in the second quarter.

Bob Evans Farms Inc. remained unmoved by new demands from an activist investor to sell off its real estate, spin off its packaged-foods division, or buy back significant amounts of stock, even though the shareholder announced Monday it would seek a consent solicitation.

Sandell Asset Management, which owns about 6.5 percent of Bob Evans Farms Inc.’s publicly traded shares, announced in an open letter to Bob Evans that it would intensify its efforts to drive change at the restaur

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