Analyst Research

Report Title Price
Provider: Thomson Reuters Stock Report
$25.00
Provider: Stock Traders Daily
$20.00
Provider: New Constructs, LLC
$25.00
Provider: MacroRisk Analytics/EconomicInvestor
$25.00

NYSE and AMEX quotes delayed by at least 20 minutes. NASDAQ delayed by at least 15 minutes. For a complete list of exchanges and delays, please click here.

Bob Evans Farms Inc Announces Agreement To Sell Mimi's Cafe Restaurant Chain To LeDuff America, Inc


Monday, 28 Jan 2013 05:33pm EST 

Bob Evans Farms Inc announced it had entered into a definitive agreement for the sale of its Mimi's Cafe restaurant chain to LeDuff America, Inc. (LDA). Mimi's Cafe is a French-inspired casual dining restaurant with 145 locations in 24 states, primarily in the West and Southwest. LDA, headquartered in Dallas, Texas, owns and operates an extensive collection of cafe-bakeries, coffee houses, boulangeries and related manufacturing in North America. The purchase price for the transaction is $50.0 million, consisting of $20.0 million in cash and a note for $30.0 million. The transaction is expected to be completed within the next 45 days. The Company also said it expects to provide certain transitional support services on a contractual basis to Mimi's Cafe during a period following the close of the transaction. LDA intends to continue operating and managing the company out of its current Irvine, California office. 

Company Quote

53.07
1.5 +2.91%
20 Nov 2014