IHOP Corp. confirmed last week that the stockholders of Applebee’s International Inc. voted to approve the merger agreement between IHOP and Applebee’s at a special meeting of stockholders. Under the terms of the agreement, IHOP will acquire Applebee’s for $25.50 per share in cash, representing a total transaction value of approximately $2.1 billion. “After a successful closing, we look forward to applying the focus and discipline that we have employed at IHOP to successfully restructure and re-energize the Applebee’s brand,” IHOP CEO Julia Stewart, who will lead the management team of the combined companies, said. The transaction is expected to close by Nov. 29.