OVERLAND PARK, KAN. Applebeeâ€™s International Inc. has defused a looming proxy battle with dissident shareholder Richard C. Breeden by giving him and one of his nominees seats on its board of directorsâ€”a move that one analyst said could clear the way for a sale of the casualdining giant. â€”After reaching an agreement late last month with Breedenâ€™s hedge fund, Breeden Capital Management LLC, which holds a 5.4-percent stake in Applebeeâ€™s, the restaurant company said it had ...
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Contact: Desiree Torres Desiree.Torres@penton.com