The deal to sell the popular Chicago-based food chain to an international chain has opened the door to a much-needed price cut for consumers, with a house salad that is usually at least $25 more than what it would cost in the United States.
The deal between Applebee, a unit of the company that has been operating for nearly 20 years, and Cargill is the biggest yet of its kind in the U.S.
The deal includes the sale of its popular Cargills, its popular Jack In The Box, and its popular Deli.
Applebee has also agreed to buy the restaurant chain’s franchises in other markets.
The sale also will give the company the opportunity to expand in areas that haven’t been explored, such as Mexico and Canada, and to acquire businesses that would be less attractive to other chains.
Applebee’s is currently in talks to sell some of its franchises to a U.K.-based company, but has not decided whether it will make a deal with a U,K.-controlled company.
The acquisition of Cargil is a deal that is expected to generate $50 billion in annual revenue for the company, according to a report from the Wall Street Journal.
The Journal said that the deal could also result in an additional $50 million in annual operating profit.
Cargill said in a statement on Tuesday that it expects to benefit from the acquisition.
Applebees shares are down almost 4% so far this year, but are up nearly 12% over the past year.
Shares in Applebee have fallen more than 9% since the deal was announced on Monday.
Applebees shares have dropped more than 12% in 2017.