DineEquity Inc. said Monday it planned to sell 30 corporate Applebee's restaurants in the Washington, D.C, area as part of its ongoing refranchising plan. Glendale, Calif.-based DineEquity said it entered into an asset purchase agreement with Potomac Family Dining Group for the 30 restaurants. The deal is expected to generate after-tax proceeds of about $27 million and to reduce sale-leaseback obligations associated with 10 properties by about $20 million. The transaction is scheduled to ...
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