Monday, 16 July 2007

IHOP to buy Applebee's chain for $1.9 bln

(Reuters) - By Martinne Geller



NEW YORK, July 16 - IHOP Corp. said on Monday it plans to buy bar-and-grill chain Applebee's International Inc. for $25.50 per share to expand beyond its iconic pancake houses, sending IHOP's shares up as much as 12 percent to an all-time high.


Read more at Reuters.com Mergers News

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