Applebee's exploration reflects hedge fund influence

02/14/2007 | MSNBC · Wall Street Journal, The

Applebee's International's Tuesday announcement that the company might be for sale reflects the growing influence of hedge funds on the restaurant industry. Restaurant chains appeal to activist investors because the chains have been underperforming, have money on the books and own a lot of real estate, all factors that can be incorporated into deals that provide instant cash to shareholders.

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MSNBC · Wall Street Journal, The

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