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Stock Market & Financial Investment News

News Breaks
December 20, 2012
09:39 EDTDINMarcato Capital sends letter to DineEquity CEO with suggestions
Marcato, owner of 5.5% of DineEquity's outstanding shares, disclosed that it sent a letter and discussion materials to Julia Stewart, CEO of the company. The letter stated in part, "As we discussed with you during our meeting, we believe that the Company is at a very important moment in its strategic life. The refranchising campaign associated with the Company’s 2007 acquisition of Applebee’s, and the related debt reduction effort, is now complete." Marcato recommends DineEquity maintain a target leverage ratio of 5.0x Net Debt / EBITDA, return free cash flow to shareholders, and refinance existing borrowings to provide maximum capital flexibility.
News For DIN From The Last 14 Days
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September 3, 2015
19:01 EDTDINDineEquity to consolidate Glendale, CA location
DineEquity announced the implementation of a strategic plan designed to accelerate growth in its core brands and speed development of traditional and non-traditional locations. As part of the plan, DineEquity will consolidate many core restaurant and franchisee support functions at its Glendale, California location. The move is intended to promote the organization's speed to market and cross-functional collaboration. The company expects to incur certain costs related to the exit of the Kansas City facility, as detailed in the attached table.

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