ROANOKE, Va. Sardar Biglari, chairman and chief executive of The Lion Fund LP hedge fund and the Western Sizzlinâ€™ Corp. family restaurant chain, said Wednesday that he planned to vote against IHOP Corp.â€™s pending acquisition of Applebeeâ€™s International Inc. because he regards the price as too low. He said in a statement that the $25.50 per-share bid for Applebeeâ€™s is â€śbelow the fair valueâ€ť of the casual-dining giantâ€™s stock, adding that his group was â€śexploring all of [its] ...
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