Bob Evans shareholder says company should hire adviser for BEF sale

March 4, 2016 3:42 PM

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A large Bob Evans shareholder is demanding that the company hire an investment bank to advise on breaking up the company, according to a U.S. securities filing on Friday.

Sandell Asset Management, an activist shareholder that is the restaurant company's fourth largest shareholder, has been pushing Bob Evans to sell its packaged foods business, which Sandell has said could fetch more than $950 million.

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