OVERLAND PARK Kan. Applebee's International Inc. has set Oct. 30 as the date for a shareholder vote on a proposed $2.1 billion buyout by IHOP Corp., according to a proxy statement filed Thursday with federal regulators. Pancake specialist IHOP said in July it would acquire the 1,950-unit casual-dining chain for $25.50 per share. In announcing the deal, IHOP said it planned to refranchise most of Applebee's more than 500 company-owned units and cut corporate costs.Five of Applebee's 14 ...
Register to view this article
It’s free but we need to know a little about you to continually improve our content.
Registering allows you to unlock a portion of our premium online content. You can access more in-depth stories and analysis, as well as news not found on any other website or any other media outlet. You also get free eNewsletters, blogs, real-time polls, archives and more.
Attention Print Subscribers: While you have already been granted free access to NRN we ask that you register now. We promise it will only take a few minutes!
Questions about your account or how to access content?