Overview
- Denny's board unanimously approved an acquisition valuing the company at $620 million including debt.
- The buyer group comprises TriArtisan Capital Advisors, Treville Capital and Yadav Enterprises, one of Denny's largest franchisees.
- Shareholders would receive $6.25 in cash per share, or about $322 million in equity value, a 52% premium to Monday's close.
- Denny's shares rose about 47% in after-hours trading following the announcement.
- CEO Kelli Valade said the company contacted more than 40 potential buyers and received multiple offers, with closing expected in the first quarter of 2026 pending shareholder approval.