Home

APPB

Biglari Calls Applebee's (APPB) Deal Undervalued, Attacks SEC-Chi

By Nick on Wed, 2007-07-25 12:54
(via 13dtracker.blogspot.com)

Activist investors Sardar Biglari, Chairman and CEO of The Lion Fund, L.P. and Western Sizzlin, said he intends to vote against the acquisition of Applebee's (Nasdaq: APPB) by IHOP (NYSE: IHP), calling the $25.50 per share offer below the fair value of the Company.

Former SEC Chairman Richard Breeden Goes Activist on CEO Douglas Conant

By George on Mon, 2007-01-29 23:49
(via footnoted.org)

Former SEC Chairman Richard Breeden works for a hedge fund as an activist now. Footnoted.org reports that Breeden's hit the ground running by taking on Campbell Soup CEO Douglas Conant's role as chairman of Applebee’s International’s compensation committee. Apparently Conant has been allowing the former Applebee's CEO, Lloyd Hill, to continue corporate jet flights to his beach home even though he hasn't been CEO since September 2006.