Bob Evans Farms (BOBE) Declares $7.50 Special Dividend; 11.2% Yield

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Go back to Bob Evans Farms (BOBE) Declares $7.50 Special Dividend; 11.2% Yield

Bob Evans Farms Completes Sale of Bob Evans Restaurants to Golden Gate Capital and Acquisition of Pineland Farms Potato Company

May 1, 2017 8:31 AM EDT

Bob Evans Restaurants sold to Golden Gate Capital for $565 million plus assumption of certain net working capital liabilities.  Net proceeds of $475 to $485 million expected Mike Townsley, President, BEF Foods, assumes the role of President and Chief Executive Officer of Bob Evans Farms, Inc.  Declares special dividend of $7.50 per share payable on June 16, 2017, to stockholders of record at the close of business on May 30, 2017  Establishes a new $300 million credit facility maturing April 28, 2022         

NEW ALBANY, Ohio , May 01, 2017 (GLOBE... More