Decision to split divisions boosts Bob Evan’s stock price
January 26, 2017
Shares of Bob Evans Farms rose nearly 21 percent yesterday after the company announced it was selling its chain of restaurants to an affiliate of Golden Gate Capital for $565 million. BEF Foods, which holds about a 50 percent share of the refrigerated mashed potatoes market in the U.S., will continue to operate by Bob Evans Farms.
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