Archive

12Nov2013

Bob Evans Faces A Proxy Fight

BY JONATHAN MAZE Three months is apparently long enough for Sandell Asset Management. The investment firm, which owns 5.1 percent of shares Bob Evans Farms, said in a letter to the board this morning that it has retained a proxy advisory firm, MacKenzie Partners, to advise on the next step in its push for major
  • 12 Nov, 2013
  • rbuchanan
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12Nov2013

The Fast Casual Gold Rush

BY JONATHAN MAZE Restaurant chain success has always been a three-step process. Step 1: Start a concept and prove it works. Step 2: Add more units. Step 3: Once the concept has grown to the entrepreneur’s management limits, bring on an investor who can take the chain to the next level. But lately, Step 2
  • 12 Nov, 2013
  • rbuchanan
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12Nov2013

Wendy’s And The Trouble With QSR

BY JONATHAN MAZE Wendy’s this morning reported that its same-store sales grew 3.2 percent, a number that easily bested reports from its primary competitors Burger King and McDonald’s and continued the Ohio-based chain’s generally positive performance of late. But the company’s stock is down 13 percent today. Investors had been expecting more, perhaps much more—according
  • 12 Nov, 2013
  • rbuchanan
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12Nov2013

Proxy Firms Recommend Against Biglari

BY JONATHAN MAZE The third time should not be the charm for Sardar Biglari, at least according to a trio of proxy advisory firms. ISS, Glass Lewis and Egan-Jones, the three proxy advisory firms whose recommendations carry significant weight with institutional investors in proxy votes, all recommended against the investor Biglari’s most recent effort to
  • 12 Nov, 2013
  • rbuchanan
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