, Columnist
Bob Evans's Breakup Hits the Spot
An activist's prodding finally yields results, and shareholders should be happy.
This article is for subscribers only.
Bob Evans is breaking up with Bob Evans, but don't worry, it's on good terms.
Finally, after years of prodding by activist Sandell Asset Management, Bob Evans Farms Inc. has decided to part with its namesake restaurant chain and divert its focus to the more profitable packaged-food business, which sells its famous breakfast sausages to other restaurants and branded breakfast sandwiches to convenience stores.