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Prospect News home > News index > List of issuers I > Headlines for IHOP Corp. > News item
Published on 2/23/2007 in the Prospect News Special Situations Daily.

Third Point ups stake in IHOP

By Lisa Kerner

Charlotte, N.C., Feb. 23 - Daniel S. Loeb and Third Point LLC increased their stake in IHOP Corp. with the purchase of 422,400 shares of company stock since the end of December, according to a schedule 13D filing with the Securities and Exchange Commission.

Third Point has no plans to become active in IHOP's operations at this time.

The investors own 1,250,000 shares, or 7%, of the Glendale, Calif., food franchise company.


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