OVERLAND PARK Kan. Applebeeâ€™s International Inc. has agreed to settle a class-action lawsuit by a New Jersey construction worker unionâ€™s pension fund, which alleged that the pending $2.3 billion sale of the company to IHOP Corp. would keep Applebeeâ€™s shareholders from benefiting from sales of restaurants to franchisees. Julia Stewart, CEO of IHOP, had indicated that financiers of the deal would be paid in part with proceeds from the sales of most of the 508 corporate-owned Applebee's ...
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?
Contact: Desiree Torres Desiree.Torres@penton.com