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APPLEBEE'S INTERNATIONAL INC. INTENDS TO FILE REGISTRATION STATEMENT FOR PUBLIC OFFERING OF 2,800,000 SHARES

 APPLEBEE'S INTERNATIONAL INC. INTENDS TO FILE REGISTRATION
 STATEMENT FOR PUBLIC OFFERING OF 2,800,000 SHARES
 KANSAS CITY, MO., Feb. 12 -- Applebee's International, Inc., (NASDAQ: APPB) today announced that it intends to file this week a registration statement for a public offering of 2,800,000 shares of common stock, of which 1,665,000 shares will be sold by the company and 1,135,000 shares will be sold by certain selling shareholders.
 Proceeds from shares sold by the company will be used primarily for the construction of new company-owned restaurants and for the acquisition of franchisee-owned restaurants and area development rights. No negotiations are currently underway relating to such acquisitions.
 These securities may not be sold nor may offers to buy be accepted prior to the time the registration statement becomes effective. This news release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of these securities in any State in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the security laws of such State. The offering may be made only by a written prospectus meeting the requirements of Section 10 of the Securities Act of 1933.
 -0- 02/12/92
 /CONTACT: Jack Falker of Swenson Falker Eilertsen, Minneapolis, 612-371-0000 or Sue Carroll of Applebee's International 816-421-2501/
 (APPB) CO: Applebee's International, Inc. ST: Minnesota IN: LEI SU:


KH -- MN022 -- 9424 02/12/92 16:58 EST
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Copyright 1992 Gale, Cengage Learning. All rights reserved.

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Publication:PR Newswire
Date:Feb 12, 1992
Words:247
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