NYT – After nearly a year of pushing for change at Bob Evans Farms, the activist hedge fund Sandell Asset Management is claiming victory.
Sandell said on Wednesday that it had won at least five seats on the board of the restaurant operator and food processor, based on preliminary results from the company’s annual shareholder meeting. The investment firm, which owns a stake of more than 6 percent, added that once the vote was officially tallied it might have won even more seats.
