Bob Evans Farms Inc. has offered two board seats to activist investor Sandell Asset Management to stave off a “costly and divisive proxy contest” at this summer’s annual stockholder meeting, according to the company’s preliminary proxy statement. According to a statement from the company, Bob Evans Farms has made “several good-faith attempts to work with Sandell Asset Management and its affiliates to arrive at a construction settlement,” including the ...
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Contact: Desiree Torres Desiree.Torres@penton.com