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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