Wednesday, June 13, 2007

Applebee's shares rise after report of IHOP bid

(Reuters) - A spokeswoman for Applebee's said the company would not comment on rumors or speculation. A representative of IHOP could not immediately be reached for comment.




Applebee's announced earlier this year that it was reviewing strategic alternatives for its business, and said in April that it had received several takeover proposals. It is also considering a recapitalization.


Read more at Reuters.com Hot Stocks News

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