- Bob Evans Farms (NASDAQ:BOBE) has turned far south in the post-session, down 18%, after saying it won't go for separating from its BEF Foods business.
- Activist investor Sandell Asset Management has been pressing the firm to split so it can unlock the real estate value in its restaurant portion (70% of the business) -- which Sandell estimates at $900M.
- Bob Evans earnings missed on top and bottom lines today after the close.