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Breeden Capital Management LLC – ‘DFAN14A’ on 3/9/07 re: Applebees International Inc – EX-5

On:  Friday, 3/9/07, at 3:54pm ET   ·   Effective:  3/9/07   ·   Accession #:  903423-7-288   ·   File #:  0-17962

Previous ‘DFAN14A’:  ‘DFAN14A’ on 2/13/07   ·   Next:  ‘DFAN14A’ on 3/29/07   ·   Latest:  ‘DFAN14A’ on 8/27/07

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  As Of                Filer                Filing    For·On·As Docs:Size              Issuer               Agent

 3/09/07  Breeden Capital Management LLC    DFAN14A     3/09/07    2:33K  Applebees International Inc       Cleary Gottlieb Ste… LLP

Additional Definitive Non-Management Proxy Solicitation Material   —   Schedule 14A
Filing Table of Contents

Document/Exhibit                   Description                      Pages   Size 

 1: DFAN14A     Additional Definitive Non-Management Proxy          HTML     17K 
                          Solicitation Material                                  
 2: EX-5        Opinion re: Legality                                HTML      9K 


EX-5   —   Opinion re: Legality


This exhibit is an HTML Document rendered as filed.  [ Alternative Formats ]



 

 

 

 

EXHIBIT 5

 

Contacts:

For Media:

For Investors:

 

Kekst and Company

Morrow & Co.

 

Victoria Weld

Eric Olson/Mike Verrechia

212-521-4800

203-658-9400

 

 

FOR IMMEDIATE RELEASE

 

Breeden Capital Management LLC Responds to Press Release Issued by Applebee’s International, Inc.

 

Greenwich, CT., March 9, 2007. Breeden Capital Management LLC, a Greenwich, CT., based investment fund manager, issued the following statement from Richard C. Breeden, Chairman and Chief Executive Officer of Breeden Capital Management, LLC, in response to the press release issued earlier today by Applebee’s International, Inc. (“Applebee’s”) (NASDAQ: APPB).

 

“We believe that the best way to improve Applebee’s declining performance and to reform unhealthy governance practices is for shareholder interests to have a strong voice in Applebee’s boardroom.  Our discussions with Applebee’s failed to persuade us that their proposals were sufficient to effect the meaningful changes that we believe are required to increase long term shareholder value.  In the coming election, shareholders will have a choice to vote for the four incumbents representing the status quo, or for our four nominees seeking positive change.” 

 

SECURITY HOLDERS ARE ADVISED TO READ THE PROXY STATEMENT AND OTHER DOCUMENTS RELATED TO THE SOLICITATION OF PROXIES BY BREEDEN CAPITAL MANAGEMENT LLC, BREEDEN PARTNERS L.P., BREEDEN PARTNERS (CALIFORNIA) L.P., BREEDEN PARTNERS HOLDCO LTD., RICHARD C. BREEDEN, STEVEN J. QUAMME, RAYMOND G.H. SEITZ, LAURENCE E. HARRIS AND CERTAIN OF THEIR AFFILIATES FROM THE SHAREHOLDERS OF APPLEBEE’S FOR USE AT THE 2007 ANNUAL MEETING OF SHAREHOLDERS OF APPLEBEE’S WHEN THEY ARE AVAILABLE BECAUSE THEY WILL CONTAIN IMPORTANT INFORMATION. A DEFINITIVE PROXY STATEMENT AND FORM OF PROXY WILL BE MAILED TO SHAREHOLDERS OF APPLEBEE’S AND WILL, ALONG WITH OTHER RELEVANT DOCUMENTS, BE AVAILABLE AT NO CHARGE AT THE SECURITIES AND EXCHANGE COMMISSION’S WEBSITE AT HTTP://WWW.SEC.GOV OR BY CONTACTING MORROW & CO., INC. BY TELEPHONE AT (203)-658-9400 OR BY E-MAIL AT APPLEBEESINFO@MORROWCO.COM. INFORMATION RELATING TO THE PARTICIPANTS IN SUCH PROXY SOLICITATION IS CONTAINED IN EXHIBIT 1 TO THE SCHEDULE 14A FILED WITH THE SECURITIES AND EXCHANGE COMMISSION BY BREEDEN PARTNERS ON DECEMBER 11, 2006.

 

 

 

 


Dates Referenced Herein   and   Documents Incorporated by Reference

This ‘DFAN14A’ Filing    Date    Other Filings
Filed on / Effective on:3/9/078-K,  DEFA14A
12/11/064,  DFAN14A,  SC 13D/A
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Filing Submission 0000903423-07-000288   –   Alternative Formats (Word / Rich Text, HTML, Plain Text, et al.)

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