OVERLAND PARK, KAN. Applebee’s International Inc. has defused a looming proxy battle with dissident shareholder Richard C. Breeden by giving him and one of his nominees seats on its board of directors—a move that one analyst said could clear the way for a sale of the casualdining giant. —After reaching an agreement late last month with Breeden’s hedge fund, Breeden Capital Management LLC, which holds a 5.4-percent stake in Applebee’s, the restaurant company said it had ...
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!