An investigation on behalf of investors of Bob Evans Farms Inc (NASDAQ:BOBE) in connection with the proposed takeover was announced and NASDAQ:BOBE stockholders should contact the Shareholders Foundation.

San Diego, CA -- (SBWire) -- 09/25/2017 --An investigation was announced for investors, who currently hold NASDAQ:BOBE shares, concerning whether the takeover of Bob Evans Farms Inc. by Post Holdings, Inc for $77.00 per share is unfair.

Investors who purchased shares of Bob Evans Farms Inc (NASDAQ:BOBE) and currently hold any of those NASDAQ:BOBE shares have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call 858-779-1554.

The investigation by a law firm concerns whether certain directors of Bob Evans Farms Inc breached their fiduciary duties owed to NASDAQ:BOBE investors in connection with the proposed acquisition.

On September 19, 2017, Post Holdings, Inc. (NYSE:POST) and Bob Evans Farms, Inc. (NASDAQ:BOBE) announced that they have entered into an agreement in which Post Holdings, Inc will acquire Bob Evans for $77.00 per share.

However, given that at least one analyst has set the high price target for NASDAQ:BOBE shares at $85 per share and that NASDAQ:BOBE shares reached after the takeover announcement in the open market on September 19, 2017 as high as $78.09 per share, the investigation concerns whether the offer is unfair to NASDAQ:BOBE stockholders. More specifically, the investigation concerns whether the Bob Evans Farms Board of Directors undertook an adequate sales process, adequately shopped the company before entering into the transaction, maximized shareholder value by negotiating the best price, and acted in the shareholders' best interests in connection with the proposed sale.

Bob Evans Farms Inc reported that its Total Revenue rose from $387.62 million for the 53 weeks period that ended on April 29, 2016 to $394.84 million for the 52 weeks period that ended on April 28, 2017 and that its Net Income for those respective time periods increased from $16.21 million to $17.04 million.

On September 22, 2017, NASDAQ:BOBE shares closed at $77.25 per share.

Those who are current investors in Bob Evans Farms Inc (NASDAQ:BOBE) shares have certain options and should contact the Shareholders Foundation.

Contact:
Shareholders Foundation, Inc.
Michael Daniels
3111 Camino Del Rio North - Suite 423
92108 San Diego
Phone: +1-(858)-779-1554
Fax: +1-(858)-605-5739
mail@shareholdersfoundation.com