NeuStar (NSR) agreed to be acquired by a group led by private equity firm Golden Gate Capital in a deal valued at about $2.9b. The deal was announced in mid-December and the $33.50 offer price represented a nice premium. Of course, the sale also means that Neustar’s previously announced Order Management and Numbering Services spinoff is off the table.… Read More »
Now, let me tell you a little bit about Bob Evans(BOBE). This ain’t no Bob’s Broccoli Buffet, this here is a pile your plate high with sausage and go back fer more kind of place. We reported in March that, despite pressure from Sandell Asset Management, the company would not be spinning off its packaged foods business, and… Read More »
While we are on the topic of Sandell Asset Management, it’s worth noting that firm suffered a setback earlier this month in one of its other major holdings, Bob Evans Farms (BOBE). The restaurant and refrigerated foods company dropped almost 20% after reporting a disappointing quarter and slashing rest of the year guidance due to weakness in its… Read More »