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Stock Market & Financial Investment News

News Breaks
January 28, 2013
17:36 EDTBOBEBob Evans to sell Mimi's Cafe chain for $50M
Bob Evans Farms announced it had entered into a definitive agreement for the sale of its Mimi's Cafe restaurant chain to LeDuff America. Mimi's Cafe is a French-inspired casual dining restaurant with 145 locations in 24 states, primarily in the West and Southwest. The purchase price for the transaction is $50M, consisting of $20M in cash and a note for $30M, subject to customary purchase price allocations and adjustments as of closing.
News For BOBE From The Last 14 Days
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August 1, 2014
09:02 EDTBOBEBob Evans calls Sandell proposals 'short-sighted, unsustainable'
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July 28, 2014
14:02 EDTBOBESandell says recently increased stake in Bob Evans to 7.6%
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July 23, 2014
09:17 EDTBOBEBob Evans sees 10%-12% long-term EPS growth
Sees long term average annual net sales growth of 3%-3.5%. It expects to up to 10 new restaurants annually. Expects long-term SSS and new restaurants expected to contribute equally to net sales growth, for about 1.5%-1.75% each. Expects BEF Foods long-term average annual net sales growth of 6%-7%. Expects FY15 CapEx to be between $85M-$90M. Comments taken from slides for company's Investor Day in July.
July 21, 2014
11:05 EDTBOBEBob Evans management to meet with Oppenheimer
Meeting to be held in New York on July 23 hosted by Oppenheimer.

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