While the tightened credit markets slowed deal making in many industries during the later half of 2007, the restaurant sector continued to close deals both large and small largely unabated. The final months of the year—which saw the closures of IHOP’s acquisition of Applebee’s, Darden’s purchase of Rare Hospitality and even the long-awaited sale of Dunkin’ Brands’ Togo’s chain—capped off another frenetic year of buying and selling. The credit crunch did cause ...

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