SPARTANBURG, South Carolina — Denny’s′ parent company, Denny’s Corporation, announced Monday that it has entered into a definitive agreement to be acquired by a consortium of investors in a deal valued at approximately $620 million, which will take the company private, the Associated Press is reporting.
According to Reuters, under the terms of the all‑cash transaction, each Denny’s shareholder will receive $6.25 per share, representing a premium of about 52.1 % over the company’s closing stock price on Monday.
The buyer group includes TriArtisan Capital Advisors, Treville Capital Group and Yadav Enterprises, the latter already one of Denny’s largest franchisees and operator of some 550 restaurants, Reuters also reported.
The transaction has received unanimous approval from Denny’s board of directors, AP said, which said it carefully reviewed multiple strategic alternatives and buyer proposals before choosing this offer.
MarketWatch noted Denny’s shares slammed higher following the announcement, rising nearly 50 % in early trading as investors reacted to the deal’s premium and implications.
Reuters reported the deal is expected to close in the first quarter of 2026, subject to customary regulatory and shareholder approvals. Following completion, Denny’s common stock is planned to be delisted from the Nasdaq.
According to AP, the diner chain has faced pressure from evolving consumer habits, delivery growth and competition, factors that influenced the decision to pursue a sale.
This story was written with the assistance of AI.
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