GLENDALE Calif. Pancake specialist IHOP Corp. has agreed to acquire casual-dining behemoth Applebee's International Inc. for $2.1 billion in cash, or $25.50 per share, the parties disclosed Monday morning. The announcement cited a five-point plan for improving Applebee's financial results, including the franchising of its 508 company-operated units; the sale and lease-back of the real estate under those stores; upgrading marketing and operations; and reducing general and ...

Register to view this article

It’s free but we need to know a little about you to continually improve our content.

Why Register?

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?


Already registered? here.