Monday, July 16, 2007

IHOP says to buy Applebee's for $2.1 billion

(Reuters) - Excluding charges related to the acquisition, IHOP expects the transaction to add to earnings beginning in 2008.




IHOP, which franchises almost all of its restaurants, said it believes it can re-energize Applebee's by franchising a substantial majority of Applebee's 508 company-operated restaurants.


Read more at Reuters.com Business News

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