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April 11, 2007
Adé K. Heyliger, Esq. Special Counsel Office of Mergers and Acquisitions United States Securities and Exchange Commission 100 F Street, N.E. |
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Re: | Applebee’s International, Inc. Preliminary Proxy Statement on Schedule 14A filed March 29, 2007 Soliciting Materials filed March 9, February 13, January 26, 2007 and December 11, 2006 Pursuant to Rule 14a-12 By Breeden Capital Management LLC et al. File No. 000-17962 |
Dear Mr. Heyliger:
In connection with the response of Breeden Capital Management LLC, Breeden Partners L.P., Breeden Partners (California) L.P., Breeden Partners Holdco Ltd, Richard C. Breeden, Laurence E. Harris, Steven J. Quamme and Raymond G.H. Seitz (collectively, the “Filing Persons”) to the comments of the staff of the United States Securities and Exchange Commission (the “Commission”) contained in your letter to Richard Breeden, dated April 10, 2007, the Filing Persons acknowledge that:
(i) each of the Filing Persons is responsible for the adequacy and accuracy of the disclosure in the filing;
(ii) staff comments or changes to the disclosure in response to the staff comments do not foreclose the Commission from taking any action with respect to the filing; and
(iii) the Filing Persons may not assert staff comments as a defense in any proceeding initiated by the Commission or any person under the federal securities laws of the United States.
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If you have any questions, please do not hesitate to call Daniel S. Sternberg at (212) 225-2630 at Cleary Gottlieb Steen & Hamilton LLP.
Breeden Capital Management LLC
By: /s/ Richard C. Breeden
Name: Richard C. Breeden
Title: Managing Member
Breeden Partners L.P.
By: Breeden Capital Partners LLC, its general partner
| By: /s/ Richard C. Breeden |
Name: Richard C. Breeden
Title: Managing Member
Breeden Partners (California) L.P.
By: Breeden Capital Partners LLC, its general partner
| By: /s/ Richard C. Breeden |
Name: Richard C. Breeden
Title: Managing Member
Breeden Partners Holdco Ltd.
| By: /s/ Richard C. Breeden |
Name: Richard C. Breeden
Title: Director
Breeden Partners Cayman Ltd.
| By: /s/ Richard C. Breeden |
Name: Richard C. Breeden
Title: Director
| /s/ Richard C. Breeden |
| Richard C. Breeden | |
| /s/ Laurence E. Harris | |
| Laurence E. Harris |
| 2 |
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| /s/ Steven J. Quamme |
| Steven J. Quamme | |
| /s/ Raymond G.H. Seitz | |
| Raymond G.H. Seitz |
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| 3 |
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