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  "documentTitle": "Bob Evans Farms, Inc. (BOBE)",
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  "authorName": "Sandell Asset Management",
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  "presentationDate": "2013-09-01 00:00:00",
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  "notes": "Part of a multi-step activist proposal for Bob Evans Farms.",
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      "text": "The Company could repurchase a significant amount of stock at a price of $58 per share and be left with substantial cash on its balance sheet.",
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      "text": "Utilize 75.0% of Cash to Repurchase Shares $807.3; Price per Share Paid for Shares Repurchased $58.00 per share; Total Shares to be Repurchased 13.9 MM",
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      "text": "share repurchase price: $58.00",
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      "text": "After pursuing Step 1 and Step 2, the Company would have approximately $1.08 billion in cash, 75% of which could be returned to shareholders via a share repurchase through a large self-tender.",
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      "text": "(1) Internal estimates.",
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      "text": "Sources of Cash for Share Repurchase: Proceeds from Sale-Leaseback $722.9; Proceeds from Sale of BEF Foods Business 557.7; Less: Estimated Taxes (1) (204.2); Total Cash Available for Share Repurchase $1,076.4",
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      "text": "Step 3 - Repurchase Shares via Self-Tender",
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      "kind": "title",
      "text": "Bob Evans Farms, Inc. - Enhancing Shareholder Value",
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