Restaurant operator and franchiser Applebee’s International yesterday [Thursday] declared a three-for-two stock split at its Annual Meeting of Stockholders.
The stock split will be effected in the form of a 50% stock dividend, payable 11 June 2002.
Shareholders of record as of 24 May 2002, will receive one additional share for every two shares held on that date. Cash will be paid in lieu of fractional shares.
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