IHOP says to buy Applebee's for $2.1 billion
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Pancake restaurant IHOP Corp.  plans to buy Applebee's International Inc.  for $25.50 per share, the companies said on Monday.
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Pork producer Smithfield Foods Inc. said Wednesday that it will pay the government $2 million to settle a lawsuit related to its purchase of shares of IBP Inc.
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The company was forced to drop the sale price of its commercial supply business by nearly $2 billion, one of the first big buyouts to be renegotiated as a result of the recent credit squeeze.
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International Business Machines Corp.  has put its personal computing business up for sale in a deal  that could be worth as much as $2 billion, the New York Times  reported on Friday.
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Restaurant company Applebee's International Inc.  said on Tuesday it is exploring strategic alternatives, including the possible sale of the company.
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U.S.-based Kraft Foods Inc. , the  world's second-largest food company, has paid around 575  million pounds ($1.1 billion) to acquire a part of Britain's  United Biscuits (UB), the Financial Times reported on Monday.
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Wm. Wrigley Jr. Co. WWY.N is buying  the Life Savers and Altoids candy and mint businesses from  Kraft Foods Inc. KFT.N for $1.48 billion in cash, the  companies said on Monday.
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Home Depot was scrambling last night to save the sale of its wholesale unit to a consortium of private equity firms, lowering its asking price by about $1.2 billion from the original $10.3 billion it agreed upon, people involved in the talks said.
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The Blackstone Group and Wellspring Capital Management agreed Friday to acquire the Performance Food Group for $1.2 billion.
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Honeywell International Inc. of the United States is offering 1.2 billion pounds (US$2.4 billion; euro1.7 billion) to buy Novar PLC, the two companies said Monday.
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Ericsson, the telecommunications equipment maker, will buy Redback Networks, a vendor of data networking equipment, for $2.1 billion in cash, the companies said on Tuesday.
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Restaurant chain Applebee's  International Inc. APPB.O on Thursday said there was room for  at least 3,000 of its namesake restaurants in the United  States, nearly double the existing number.
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CHICAGO - Candy and gum maker Wm. Wrigley Jr. Co. said Monday that it agreed to buy a number of candy brands, including Life Savers and Altoids, from Kraft Foods for $1.
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IHOP Corp.  said on Monday it plans to buy Applebee's International Inc.  for $25.50 per share, as the newly restructured company seeks growth outside its iconic pancake chain.
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Candy and gum maker Wm. Wrigley Jr. Co. announced Monday it has agreed to buy a number of candy brands, including Life Savers and Altoids, from Kraft Foods for $1.
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Nestle SA, the world's biggest food and drink company, will buy the medical nutrition unit of pharmaceutical company Novartis for $2.5 billion, the companies said Thursday.
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IHOP announced on Monday that they have agreed to purchase Applebee's, known for its 'Half-and-Half Happy Hour,' for $1.9 billion in cash. By 2010, they plan to sell 500 of the company-owned Applebee's and turn it primarily into a franchiser. IHOP curr...