(Reuters) - NEW YORK, July 16 - Pancake restaurant IHOP Corp. plans to buy Applebee's International Inc. for $25.50 per share, the companies said on Monday.
The companies said the deal was worth $2.1 billion. Based on the number of outstanding shares in Applebee's latest quarterly filing, the deal would be worth $1.9 billion.
Read more at Reuters.com Mergers News
The companies said the deal was worth $2.1 billion. Based on the number of outstanding shares in Applebee's latest quarterly filing, the deal would be worth $1.9 billion.
Read more at Reuters.com Mergers News
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