DineEquity Inc. is looking for the right culinary complement to IHOP pancakes and Applebee’s lunch combos.
The $1.8 billion operator of the pancake house and casual-dining chain will have more money to spend after refinancing its debt and cutting millions in interest expense. DineEquity already announced an increased dividend and share buybacks. The next move will likely be an acquisition of a third restaurant concept to energize one of the most sluggish growth rates in the North American restaurant industry.
This content has been archived. It is available through our partners, LexisNexis® and Bloomberg Law.
To view this content, please continue to their sites.
Not a Lexis Subscriber?
Subscribe Now
Not a Bloomberg Law Subscriber?
Subscribe Now
LexisNexis® and Bloomberg Law are third party online distributors of the broad collection of current and archived versions of ALM's legal news publications. LexisNexis® and Bloomberg Law customers are able to access and use ALM's content, including content from the National Law Journal, The American Lawyer, Legaltech News, The New York Law Journal, and Corporate Counsel, as well as other sources of legal information.
For questions call 1-877-256-2472 or contact us at [email protected]