Applebee's International Enters Into Agreement to Acquire Certain Secured Debt of Apple Capitol.Business Editors OVERLAND PARK Overland Park, city (1990 pop. 111,790), Johnson co., NE Kans., a residential suburb of Kansas City; inc. 1960. There is printing and publishing, and the manufacture of apparel, aircraft parts, cement, prepared foods, salt, chemicals, marine accessories, and signs. , Kan.--(BUSINESS WIRE)--Oct. 1, 2002 Applebee's International, Inc. (Nasdaq:APPB APPB Array Processor with Pipelined Bus APPB Application Builder ) announced today that it has entered into an agreement to acquire certain secured debt of Apple Capitol Group, LLC (Logical Link Control) See "LANs" under data link protocol. LLC - Logical Link Control owed to Lehman Brothers Lehman Brothers Holdings Inc. (NYSE: LEH), founded in 1850, is a diversified, global financial services firm. It is a participant in investment banking, equity and fixed income sales, research and trading, investment management, private equity, and private banking. Holdings, Inc. for $34.3 million. This agreement is subject to the consummation of Applebee's International's previously announced potential acquisition of 21 franchise restaurants located in the Washington, D.C., area from Apple Capitol, an existing franchisee. The company continues to expect to close under its negotiated purchase agreement to acquire the 21 restaurants in the fourth quarter of 2002, subject to normal bankruptcy court bankruptcy court n. the specialized Federal court in which bankruptcy matters under the Federal Bankruptcy Act are conducted. There are several bankruptcy courts in each state, and each one's territory covers several counties. bidding procedures, obtaining operating licenses and other third-party consents. Applebee's International, Inc., headquartered in Overland Park, Kan., develops, franchises and operates restaurants under the Applebee's Neighborhood Grill and Bar brand, the largest casual dining concept in the world. There are currently 1,459 Applebee's restaurants operating system-wide in 49 states and eight international countries. Additional information on Applebee's International can be found at the company's website (www.applebees.com). |
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