Applebee’s sets Oct. 30 for vote on IHOP deal

OVERLAND PARK Kan. Applebee's International Inc. has set Oct. 30 as the date for a shareholder vote on a proposed $2.1 billion buyout by IHOP Corp., according to a proxy statement filed Thursday with federal regulators.

Pancake specialist IHOP said in July it would acquire the 1,950-unit casual-dining chain for $25.50 per share. In announcing the deal, IHOP said it planned to refranchise most of Applebee's more than 500 company-owned units and cut corporate