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Applebee’s Owner Adopts Poison Pill to Fend off Hostile Takeover

Bloomberg Markets Thursday 29 October 2026, 15:21 UTC By Matt Monks 1 min read
Key Points

Applebee’s Owner Adopts Poison Pill to Fend off Hostile Takeover Applebee’s parent Dine Brands Global Inc. has adopted a poison pill to fend off a takeover bid from the investment firms Cobblers Cove Capital and Arkhouse Management. The Pasadena, California-based company’s board approved a so-called limited duration stockholder rights agreement in response to media reports of a “significant” accumulation of its stock and derivatives, according to a statement Thursday.

Applebee’s Owner Adopts Poison Pill to Fend off Hostile Takeover Applebee’s parent Dine Brands Global Inc. has adopted a poison pill to fend off a takeover bid from the investment firms Cobblers Cove Capital and Arkhouse Management. The Pasadena, California-based company’s board approved a so-called limited duration stockholder rights agreement in response to media reports of a “significant” accumulation of its stock and derivatives, according to a statement Thursday.
Applebee (ORG) Adopts Poison Pill (PERSON) Dine Brands Global Inc. (ORG) Cobblers Cove Capital (ORG) Arkhouse Management (ORG) Pasadena (LOCATION) California (LOCATION)
Originally published by Bloomberg Markets Read original →

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