The International House of Pancakes (IHOP), a United States-based restaurant chain, reported Tuesday the increase of shares by $1.12 to $51.42 in afternoon trading, following previous rising by 6 percent.
The growth occurred after the company’s transaction to sell and lease back 187 company-owned real estate parcels.
The estimated proceeds of the deal are about $347 million that will be used to clear off the debt.
The company hopes that the deal will help it finally refranchise 475 Applebee's company-owned restaurants over the next three years.
IHOP Corp. has more than 1,353 restaurants in 49 states, the U.S. Virgin Islands, Canada and Mexico. Most of these locations are franchises; some are corporate-owned and some are operated under area licenses.
The discovery of the submarine has unveiled a few "inconsistencies." For example, how can one explain the fact that the sub was found where it needed to be searched for from the start?
When on a state visit to Singapore, Russian President Vladimir Putin promised to revisit the discussion of the 1956 Declaration between the USSR and Japan regarding the issue of the peace treaty with Japan
The TurkStream, which runs along the bottom of the Black Sea from Russia's Anapa to Turkey, will consist of two lines, each with a capacity of 15.75 billion cubic meters of gas a year