Sandell Reminds Bob Evans Shareholders to Take Steps to Ensure Ability to Vote Shares at 2014 Annual Meeting
June 12 2014 - 9:00AM
Business Wire
Sandell Believes Based on Broker Notice that
July 3 is Record Date for Upcoming Annual Meeting
Sandell Asset Management Corporation (“Sandell”) has issued the
following statement to the shareholders of Bob Evans Farms, Inc.
(“Bob Evans” or the “Company”):
Sandell reminds Bob Evans shareholders that they may need to
take steps with their custodial banks and brokerage firms to ensure
that they have the ability to vote their shares at the upcoming
2014 Annual Meeting. Bob Evans shareholders should pay particular
attention to any shares presently held in swap arrangements or in
margin accounts. In order to ensure that Bob Evans shareholders
have the ability to vote their shares, they should consider
beginning the process of promptly unwinding any swap accounts to
allow sufficient time before the record date. Sandell also reminds
Bob Evans shareholders that any shares held in margin accounts that
may be loaned by a broker will need to be moved into a cash account
in advance of the record date if shareholders want to vote their
shares. While the Company has not announced the record date for the
2014 Annual Meeting, we believe based on the broker notice sent by
Bob Evans that July 3 is the record date for the Company’s 2014
Annual Meeting.
About Sandell Asset Management Corp.
Sandell Asset Management Corp. is a leading private, alternative
asset management firm specializing in global corporate
event-driven, multi-strategy investing with a strong focus on
equity special situations and credit opportunities. Sandell Asset
Management Corp. was founded in 1998 by Thomas E. Sandell and has
offices in New York and London, including a global staff of
investment professionals, traders and infrastructure
specialists.
SANDELL ASSET MANAGEMENT CORP., CASTLERIGG MASTER INVESTMENTS
LTD., CASTLERIGG INTERNATIONAL LIMITED, CASTLERIGG INTERNATIONAL
HOLDINGS LIMITED, CASTLERIGG OFFSHORE HOLDINGS, LTD., CASTLERIGG
MERGER ARBITRAGE AND EQUITY EVENT FUND, LTD., CASTLERIGG MERGER
ARBITRAGE AND EQUITY EVENT INTERMEDIATE FUND, L.P., CASTLERIGG
MERGER ARBITRAGE AND EQUITY EVENT MASTER FUND, LTD., CASTLERIGG
GLOBAL EQUITY SPECIAL EVENT FUND, LTD., CASTLERIGG GLOBAL EQUITY
SPECIAL EVENT INTERMEDIATE FUND, L.P., CASTLERIGG GLOBAL EQUITY
SPECIAL EVENT MASTER FUND, LTD., PULTENEY STREET PARTNERS, L.P. AND
THOMAS E. SANDELL (COLLECTIVELY, "SANDELL") AND DOUGLAS N. BENHAM,
CHARLES M. ELSON, DAVID W. HEAD, C. STEPHEN LYNN, ANNELISE T.
OSBORNE, ARON I. SCHWARTZ, MICHAEL WEINSTEIN AND LEE S. WIELANSKY
(TOGETHER WITH SANDELL, THE "PARTICIPANTS") INTEND TO FILE WITH THE
SECURITIES AND EXCHANGE COMMISSION (THE "SEC") A DEFINITIVE PROXY
STATEMENT AND ACCOMPANYING FORM OF PROXY CARD TO BE USED IN
CONNECTION WITH THE SOLICITATION OF PROXIES FROM THE STOCKHOLDERS
OF BOB EVANS FARMS, INC. (THE "COMPANY") IN CONNECTION WITH THE
COMPANY’S 2014 ANNUAL MEETING OF STOCKHOLDERS. ALL STOCKHOLDERS OF
THE COMPANY ARE ADVISED TO READ THE DEFINITIVE PROXY STATEMENT AND
OTHER DOCUMENTS RELATED TO THE SOLICITATION OF PROXIES BY SANDELL
WHEN THEY BECOME AVAILABLE, AS THEY WILL CONTAIN IMPORTANT
INFORMATION, INCLUDING ADDITIONAL INFORMATION RELATED TO THE
PARTICIPANTS. WHEN COMPLETED, THE DEFINITIVE PROXY STATEMENT AND AN
ACCOMPANYING PROXY CARD WILL BE FURNISHED TO SOME OR ALL OF THE
COMPANY'S STOCKHOLDERS AND WILL BE, ALONG WITH OTHER RELEVANT
DOCUMENTS, AVAILABLE AT NO CHARGE ON THE SEC'S WEBSITE AT
HTTP://WWW.SEC.GOV/. IN ADDITION, MACKENZIE PARTNERS, INC.,
SANDELL'S PROXY SOLICITOR, WILL PROVIDE COPIES OF THE DEFINITIVE
PROXY STATEMENT AND ACCOMPANYING PROXY CARD, WHEN AVAILABLE,
WITHOUT CHARGE UPON REQUEST BY CALLING (800) 322-2885.
INFORMATION ABOUT THE PARTICIPANTS AND A DESCRIPTION OF THEIR
DIRECT OR INDIRECT INTERESTS BY SECURITY HOLDINGS IS CONTAINED IN
AN EXHIBIT TO THE SCHEDULE 14A FILED BY SANDELL ASSET MANAGEMENT
CORP. WITH THE SEC ON APRIL 24, 2014. THIS DOCUMENT CAN BE OBTAINED
FREE OF CHARGE FROM THE SOURCES INDICATED ABOVE.
Cautionary Statement Regarding Opinions and Forward-Looking
Statements
Certain information contained herein constitutes
“forward-looking statements” with respect to Bob Evans Farms, Inc.
("Bob Evans"), which can be identified by the use of
forward-looking terminology such as “may,” “will,” “seek,”
“should,” "could," “expect,” “anticipate,” “project,” “estimate,”
“intend,” “continue” or “believe” or the negatives thereof or other
variations thereon or comparable terminology. Such statements are
not guarantees of future performance or activities. Due to various
risks, uncertainties and assumptions, actual events or results or
actual performance may differ materially from those reflected or
contemplated in such forward-looking statements. The opinions of
Sandell Asset Management Corp. ("SAMC") are for general
informational purposes only and do not have regard to the specific
investment objective, financial situation, suitability or
particular need of any specific person, and should not be taken as
advice on the merits of any investment decision. This material does
not recommend the purchase or sale of any security. SAMC reserves
the right to change any of its opinions expressed herein at any
time as it deems appropriate. SAMC disclaims any obligation to
update the information contained herein. SAMC and/or one or more of
the investment funds it manages may purchase additional Bob Evans
shares or sell all or a portion of their shares or trade in
securities relating to such shares.
Sandell Asset Management Corp.Adam Hoffman,
212-603-5814orMacKenzie Partners, Inc.Dan Burch or Larry
Dennedy, 212-929-5500orSloane & CompanyElliot Sloane,
212-446-1860orDan Zacchei, 212-446-1882
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