IHOP Corp. serves up $2.1B buyout offer for Applebee’s

IHOP Corp. serves up $2.1B buyout offer for Applebee’s

GLENDALE CALIF. IHOP Corp. completes its pending $2.1 billion acquisition of Applebee’s International Inc., it could create a company that boasts systemwide sales of $6.8 billion and, in time, two successful turnaround stories under one umbrella. —If

The agreement, which had been a rumor just weeks ago and was announced July 16, includes Glendale-based IHOP paying $25.50 per shar

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