Overview
- Denny’s board unanimously approved a take-private deal with TriArtisan Capital Advisors, Treville Capital, and Yadav Enterprises, one of its largest franchisees.
- The transaction values the company at $620 million including debt, with equity consideration of about $322 million paid to stockholders.
- Investors would receive $6.25 in cash per share, a roughly 52% premium to the pre-announcement close.
- The company expects to close in the first quarter of 2026, pending shareholder and regulatory approvals, after which its stock will be delisted from Nasdaq.
- Shares jumped about 47%–50% on the news as the chain seeks relief from post-pandemic pressures, recent same-store sales declines, and a wave of restaurant closures.