OVERLAND PARK Kan. Stockholders of Applebeeâ€™s International Inc. have voted by a wide margin to proceed with the casual-dining companyâ€™s $2.3 billion buyout by IHOP Corp., the casual-dining company said after a special shareholder meeting here this morning. Shareholders controlling more than 70 percent of shares outstanding voted to accept the pancake specialistâ€™s offer of $25.50 per share and the assumption of $155 million in debt, Applebeeâ€™s said.The outcome â€œwas not the future I ...
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Contact: Desiree Torres Desiree.Torres@penton.com