private equity takeover, Would this be good for be?
While an LBO might sound good per the article, it could be disastrous for long term investors of the stock outside of a 401K. It would create an immediate tax hit which, while offset by any premium, would cause huge problems. I believe it would essentially wreck the company and wipe out what little employee goodwill to Bob Evans exists today. That being said, I agree, with the article. Sell off Mimi's, take the cash it would spin off and continue to invest in the grocery products division, and continue to build more Bob Evans restaurants WITH A SMALLER. FOCUSED MENU!!!!!! I don't agree with selling the current Bob Evans locations and leasing them back.