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  "documentTitle": "Bob Evans Farms, Inc. (BOBE)",
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  "authorName": "Sandell Asset Management",
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  "presentationDate": "2016-08-22 00:00:00",
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      "text": "There has been rampant M&A activity in the packaged foods space, which has served to highlight the very high valuations associated with packaged foods companies",
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      "text": "EBITDA multiple: 17.3x",
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      "text": "There has been rampant M&A activity in the packaged foods space, which has served to highlight the very high valuations associated with packaged foods companies",
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      "text": "Source: Bloomberg, internal estimates",
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      "text": "Selected Comparable Packaged Foods Transactions ($ in millions) Name Announced Date Transaction Value Value as a Multiple of EBITDA WhiteWave Foods 7/7/2016 $12,349.1 21.1 x Boulder Brands 11/24/2015 $944.2 15.2 x Diamond Foods 10/28/2015 $1,899.6 15.6 x Applegate Farms 5/26/2015 $775.0 18.0 x Hillshire Brands 5/29/2014 $8,396.6 16.7 x Average 17.3 x",
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      "text": "Transactions",
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