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Business briefs: IHOP buys Applebee's
Staff reports, The Examiner Jul 17, 2007 6:00 AM (885 days ago)SAN FRANCISCO IHOP Corp. (IHP), best known for its blue-roofed pancake restaurants, said Monday that it has agreed to buy the bar-and-grill chain Applebee’s International Inc. (APPB) for about $1.9 billion in cash. IHOP Chief Executive Julia Stewart, a former Applebee’s executive, said once the deal closes, IHOP would revive the Applebee’s brand and plans to turn it into primarily a franchisor.
http://www.examiner.com/a-831911~Business_briefs__IHOP_buys_ Applebee_s.html The above excerpt and link will be sent by email. |
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