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Stock impact report

Proxy advisory firms urge Dine Brands investors to reject activist's IHOP plan [Reuters]

Dine Brands Global, Inc. (DIN) 
Last dine brands global, inc. earnings: 4/29 08:00 am Check Earnings Report
US:NYSE Investor Relations: investors.dineequity.com/news-releases
Company Research Source: Reuters
Proxy advisory firms urge Dine Brands investors to reject activist's IHOP plan BOSTON (Reuters) - Two influential proxy advisory firms said Dine Brands Global Inc ( DIN.N ) shareholders should reject a proposal to spin off its IHOP pancake house chain in a rebuke to activist investment firm JCP Investment Partnership which proposed the plan. Institutional Shareholder Services and Glass Lewis both recommended votes against JCP’s shareholder proposal that Glendale, California-based Dine hire an investment bank in order to turn IHOP into a separately traded public company, the two reports, which were seen by Reuters on Wednesday, say. The firms’ recommendations carry considerable weight with investors who will cast votes at Dine’s annual meeting on May 12. ISS and Glass Lewis both said JCP’s arguments that Dine would be better off letting the pancake house chain become a standalone company were not convincing. Dine also owns Applebee’s Grill & Bar in addition to IHOP. JCP “has not prov Show less Read more
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