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Sandell Guns For Bob Evans Board

Sandell Asset Management is targeting the Bob Evans board of directors with heavy guns. The activist investor nominated eight people to the chain's board, including former restaurant CEOs, private equity veterans and even a corporate governance expert.

Cracker Barrel Bests Biglari, Again

The vast majority of Cracker Barrel shareholders rejected a proposal Sardar Biglari to put the company up for sale. It's the fourth time that the activist investor has been rejected by the chain's stockholders.

Papa Murphy's Gives A Price Range

Papa Murphy's this week priced its shares between $11 and $13 for the chain's upcoming initial public offering. The pricing should enable the company to raise $61.9 million in the IPO after expenses.

Reports: Starboard Wins Darden Vote

CNBC reported this morning that Starboard Value has won its call for a special meeting of Darden shareholders, with 54 percent of the vote. The vote will force the Orlando-based restaurant giant to hold a meeting to discuss its controversial Red Lobster sale.

BJ's Gives In To Its Activists

BJ's Restaurants, its sales struggling and its stock price going nowhere, agreed to put three nominees from a group of activist investors on its board, one of them immediately. The chain also agreed to buy back $50 million in shares and intensify its cost cutting plan.

FINANCE & REAL ESTATE DIRECTORY

Franchise Times would like to introduce you to the lenders and real estate advisory sources that are targeting the restaurant industry.

 

Finance & Real Estate Directory

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Top 400 Restaurant Franchisee Report Available For Purchase

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The Monitor's library of white papers will make you more knowledgeable on a number of subjects near and dear to your business’ bottom line. Written by experts in their field, these detailed reports provide the latest thinking on everything from international expansion to new technology. Click here for White Papers.