Bob Evans' Largest Shareholder Preps For Proxy Fight

Law360, New York (November 12, 2013, 1:47 PM EST) -- Activist investor Sandell Asset Management Corp. announced Monday that it was readying itself for a possible proxy fight to force change at restaurant operator and food maker Bob Evans Farms Inc., which Sandell contends is not being properly managed.

A Sandell unit notified Bob Evans shareholders that it hired MacKenzie Partners Inc. to advise it regarding options with its minority stake in the food company, including a potential proxy fight to force Bob Evans to move in a new direction.

Sandell, which has called on Bob...
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