Actionable Opportunities in Special Situations: Spinoffs, Bankruptcy, Restructurings

Activist Target

Bob Evans Farms (BOBE) facing activist pressure, may convert to REIT

Bob Evans Farms (BOBE) facing pressure from investors to squeeze money out of its real estate, is pursuing a strategic transaction for some of its restaurant properties.

The deal may be either a sale-leaseback or a conversion to a tax-free real estate investment trust, Bob Evans said in a statement on Thursday. The company expects to finish its real-estate assessment during the next several months. Source

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