Overview
- TriArtisan Capital Advisors, Treville Capital Group and Yadav Enterprises agreed to acquire Denny’s in an all-cash transaction valuing the company at about $620 million including debt.
- Shareholders are set to receive $6.25 per share in cash, or roughly $322 million in total equity value, representing about a 52% premium to the prior close.
- Denny’s board unanimously approved the agreement after evaluating multiple offers during its strategic review.
- Closing is targeted for the first quarter of 2026 pending stockholder and regulatory approvals, after which Denny’s would be delisted from Nasdaq and operate as a private company.
- Denny’s shares jumped roughly 46%–50% on the news, as the chain continues to face same‑store sales declines and has announced about 150–180 restaurant closures in recent years.