Bob Evans Farms (BOBE) Has Jumped To A New High After Sale Of Restaurants

Bob Evans Farms (BOBE) announced after the bell Tuesday that it has agreed to sell Bob Evans Restaurants to an affiliate of Golden Gate Capital for $565 million.

The company also announced that it has agreed to acquire Pineland Farms Potato Company for $115 million.

Bob Evans Farms has gapped open sharply higher Wednesday morning and is now up 9.22 at $57.17. The stock has surged past resistance and has set a new high for the year.

by RTT Staff Writer

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