Sandell Pursues Litigation against Bob Evans to Restore Rights to Shareholders
Sandell Asset Management, the beneficial owner of
approximately 1.7 million shares, or 6.5%, of Bob Evans Farms, Inc.
(NASDAQ: BOBE) (“Bob Evans” or the “Company”), filed a complaint in the
Court of Chancery of the State of Delaware seeking a declaratory
judgment that the unilateral attempt by the Board of Directors (the
“Board”) to strip shareholders of their rights to amend the Company's
Bylaws (the “Bylaws”) by majority vote was invalid.