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GLENDALE, Calif. (AP) -- IHOP Corp., best known for its blue-roofed pancake restaurants, said Monday it has agreed to buy the bar-and-grill chain Applebee's International Inc. for about $1.9 billion in cash.
IHOP Corp. (IHP.N) said on Monday it plans to buy bar-and-grill chain Applebee's International Inc. (APPB.O) 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.
GLENDALE, Calif. -- IHOP Corp., best known for its blue-roofed pancake restaurants, said Monday it has agreed to buy the bar-and-grill chain Applebee\'s International Inc. for about $1.9 billion in cash.
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Denmark officials say they've discovered a systemic power flaw with Apple Inc.'s final generation of iBook notebooks that has been causing grief for users, and they're telling the company it's time to fess up. The Danish Consumer Complaints Board this week decided that Apple is responsible for replacing at least some iBook G4 notebooks in its...