Dine Brands Adopts Poison Pill After Reported Takeover Offer
Dine Brands Global said its board unanimously approved a shareholder rights plan after reports that an investor group is seeking to acquire the Applebee’s and IHOP parent.
By Connor HartDine Brands Global has adopted a shareholder rights plan, commonly known as a poison pill, following reports that an investor group is seeking to acquire the restaurant operator.The parent company of Applebee's and IHOP said Thursday that its board unanimously approved the plan in res…