Applebee's explains post-buyout changes to employees

OVERLAND PARK Kan. In Applebee’s first communication to employees since announcing its pending $2.1 billion purchase by IHOP Corp., the casual-dining company said Tuesday that job cuts at Applebee’s are expected should the acquisition close, and that it was too early to determine if the chain would remain based in Kansas.

In addition, Applebee’s confirmed that offers from private-equity firms and a financial recapitalization were two options the company considere

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