Applebee's International Receives Approval to Acquire 21 Franchise Restaurants.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. 8, 2002 Applebee's International, Inc. (Nasdaq:APPB APPB Array Processor with Pipelined Bus APPB Application Builder ) announced today that the 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. for the Southern District of Florida has entered an order approving the sale of 21 franchise restaurants located in the Washington, D.C. area operated by Apple Capitol Capitol, seat of the U.S. Congress Capitol, seat of the U.S. government at Washington, D.C. It is the city's dominating monument, built on an elevated site that was chosen by George Washington in consultation with Major Pierre L'Enfant. Group, LLC (Logical Link Control) See "LANs" under data link protocol. LLC - Logical Link Control to Applebee's International. Applebee's International expects to close under its previously negotiated purchase agreement to acquire the restaurants in the fourth quarter of 2002, subject to obtaining operating licenses and other third-party consents. Under the terms of the purchase agreement and an agreement entered into with one of Apple Capitol's secured lenders, the total cost will be $34.3 million, subject to adjustment. 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 1,461 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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