GLENDALE, Calif. - -- DineEquity Inc. said Tuesday that it has agreed to sell 33 company-operated Applebee's Neighborhood Grill & Bar restaurants to a private equity firm for net proceeds of about $26 million. DineEquity, which also owns the ...
GLENDALE, Calif.—DineEquity Inc. said Tuesday that it has agreed to sell 33 company-operated Applebee's Neighborhood Grill & Bar restaurants to a private equity firm for net proceeds of about $26 million. DineEquity, which also owns the IHOP ...
based DineEquity Inc. (NYSE: DIN) franchises and operates restaurants under the Applebee’s Neighborhood Grill & Bar and IHOP brands. It has more than 3,500 restaurants in 18 countries, more than 400 franchisees and 200,000 employees.
The transaction is expected to close in the third quarter of 2012. DineEquity, the parent company of Applebee's Neighborhood Grill & Bar and IHOP Restaurants, noted that the deal does not contain financing contingencies. However, the closing of ...
DineEquity, Inc. (DIN), the parent company of Applebee's Neighborhood Grill & Bar and IHOP Restaurants, today announced that it has entered into an asset purchase agreement with American Franchise Capital, LLC for the sale of 33 Applebee's ...
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