They have something called "Pancake Surrender" that looks sooo awesome, I just gotta try it! I love breakfast food.

psychodelicide said:

Me, too - any time, day or night! Especially at 2:00 AM...yummmmm

that's just silly - everyone knows pancakes will never surrender

Anxiety said:

psychodelicide said:

i miss IHOP...i lived just down the block from one for the six years i lived in chicago! i'd only go when out-of-town friends visited and were all, "OMFG!! IHOP!!!"

and now i'm one of those people!

i spent enough time in indiana over the past couple of months to fulfill my junk food/fast food quota until i'm 45, though...so i think i'll be okay.

They have something called "Pancake Surrender" that looks sooo awesome, I just gotta try it! I love breakfast food.

psychodelicide said:

that sounds really rich let me know how it is .

the steak n eggs breakfast has pancakes & hashbrowms with it as well

Applebees is buying out IHOP

horatio said:

Really? I did not know that. I'd better get to IHOP fast!

Applebee's shareholders vote for $1.9 billion sale to IHOP
10/31/2007 8:46:58 AM

From staff and news service reports

One is here and the other is looking.

Rochester may see some changes in the wake of a flip-flop involving IHOP buying the Applebee's restaurant chain.

Shareholders of Applebee's International Inc. on Tuesday approved a $1.9 billion buyout offer from IHOP, also known as the International House of Pancakes.

Rochester now has two Applebee's -- one at the 3794 Marketplace Drive N.W. and one at the Apache Mall.

In the past few months, word has circulated around Rochester that an IHOP franchisee is cooking up a location here. It is unclear if the buyout would affect such a deal.

IHOP left Minnesota many years ago, but it returned in 2002 with four Twin Cities suburbs locations.

In Overland Park, Kansas, the home of Applebee's, more than 70 percent of the company's shares voted to approve the agreement. Critics said it shortchanged shareholders.

Under terms of the deal, shareholders of Overland Park-based Applebee's will be paid $25.50 per share, a 4.6 percent premium over its closing price on the day before the offer was announced.

Glendale, Calif.-based IHOP is also assuming $155 million in Applebee's debt as part of the deal.

The sale is expected to close by Nov. 29. The combined company would have $6.8 billion in annual sales and more than 3,200 restaurants.

Officials at both companies have characterized the deal as a way to help rejuvenate Applebee's, one of the nation's largest restaurant chains. Its profits and sales have fallen in the past year as rising fuel and housing costs and changing consumer behavior have reduced traffic in its dining rooms.

The deal is viewed as a coup for IHOP, which is smaller than Applebee's but has had success in building its own brand and sales in the face of economic headwinds.

Julia Stewart, IHOP's chief executive officer and a former Applebee's executive, has said she plans to franchise most of Applebee's 510 company-owned stores and sell real estate tied to around 200 of those stores as a way to pay for the deal.

Applebee's Chairman Lloyd Hill, who joined the company's board in 1989 and became chief operating officer in 1994, stepped down as CEO last year. He had voted against the deal as a member of board of directors and indicated he would vote against it as a shareholder.

"This is not the future I had envisioned for Applebee's," a somber Hill said in announcing the results of Tuesday's vote, while adding that he accepted the direction the majority of the company's directors and shareholders had chosen.

Started in Atlanta in 1980 and taken public in 1989, Applebee's grew into the nation's largest casual dining chain with 1,955 restaurants in 49 states, one U.S. territory and 17 countries.

The economy in recent years put pressure on diners' wallets and the improving quality of fast food companies and so-called fast casual competitors, such as Chipotle and Panera's, as well as Applebee's own inability to distance itself from rivals Chili's Grill & Bar, Friday's and Ruby Tuesday's began cutting into sales.

Nope, it's the other way around. IHOP is acquiring Applebees.

Nope, it's the other way around. IHOP is acquiring Applebees.

TheDoctor said:

either way none of the above mentioned are on my list of places to eat, it all just fast food disguised as dine in food.

hmm i'm sorry to be the oddball but i don't really care for IHOP, but I can go to Waffle House anytime of the day!!! If I want pancakes, i just go to this place called "Aunt Sarah's Pancake house".

missfee said:

I've been to Waffle House before. I'll bet that pancake house that you mentioned has delicious food.

that's just silly - everyone knows pancakes will never surrender

They have something called "Pancake Surrender" that looks sooo awesome, I just gotta try it! I love breakfast food.

psychodelicide said:

Oh yes it does...I love to stop by there for some blueberry pancakes!!! Always nice and fluffy and not too heavy. Delicious!!!

Nancy, I will take you, but you must put out. lol

Belgian waffles are my new love. Yumster.

If there's a Cracker Barrell in your area, go there instead of IHOP. Much better food.

Anxiety said:

psychodelicide said:

I'm lame. I love their Huevos Rancheros.....