BOB EVANS FARMS SOLD FOR $1.5 BILLION

Post Holdings has agreed to buy Bob Evans Farms for about $1.5 billion as it seeks to grow its packaged food business. Bob Evans Farms stockholders will receive $77 per share. Known for its past ties to the restaurant chain that bears the corporate name, Bob Evans Farms also makes refrigerated potato, pasta and vegetable-based side dishes, pork sausage and other refrigerated and frozen convenience food items under the Bob Evans, Owens, Country Creek and Pineland Farms brands.