Truemors
is reporting from
Member
NP Rank:
NP Rank:
IHOP snaps up Applebee's for $2.1 billion
Share:
by ryan | July 16, 2007 at 08:31 am
1503 views | 4 Recommendations | 2 comments
Photos
IHOP, the largest stacker of pancakes with 1,300 pancake focused restaurants in the US and Canada, grows by acquiring Applebee's, the largest chain retaurant in the world.
Pancake house IHOP Corp. said Monday it agreed to buy fellow restaurant operator Applebee's International for about $2.1 billion.Applebee's shareholders would receive $25.50 in cash per share, representing a 4.6 percent premium to Friday's closing price.
The Glendale, Calif-based IHOP, which franchises nearly all of its restaurants, said it hoped to employ that strategy with Applebee's
What is NowPublic?
NowPublic lets people work together to cover news events around the world.
Crowd Power
phlewght
Saint Paul, Minnesota, United StatesBeefus
Hollister, California, United Stateseileen216
Alhambra, California, United Statesrhapsodienbleu
Howland, Maine, United States
PunkJr
Seattle, Washington, United Statesbigmikelakers
Lawndale, California, United States
Franchise
Poughkeepsie, New York, United States
qnr
Corpus Christi, Texas, United StatesStaciaann Photography
Minneapolis, Minnesota, United States
Most RecentMost Recommended Comments (2)
at 22:13 on January 20th, 2009
oh
at 04:14 on July 6th, 2009
good and fine casual dining in the whole world applebees