US EditionDenny's to Be Acquired and Taken Private in a Deal Valued at $620 Million
The $620 million acquisition values Denny's at a 52% premium and aims to address market challenges including changing dining patterns and competition, the board said.
- On Monday, Denny's announced it is being acquired and taken private by TriArtisan Capital Advisors, Yadav Enterprises, and Treville Capital, valued at $620 million.
- After the pandemic, Denny's faced shifting dining patterns with more delivery, competition from First Watch, and planned to close 150 low-performing locations while contacting more than 40 potential buyers, CEO Kelli Valade said.
- Under the agreement, Denny's shareholders will receive $6.25 per share in cash, totaling $322 million, representing a 52% premium to Monday's closing price and causing shares to jump 47% after hours.
- If accepted by shareholders, the deal is expected to close in the first quarter of 2026, and TriArtisan's leadership said it looks forward to supporting Denny's long-term growth.
- Founded in 1953 as Danny's Donuts and listed on the New York Stock Exchange in 1969, Denny's had 1,558 restaurants worldwide at the end of the second quarter, including 1,422 Denny's and 74 Keke's.
82 Articles
82 Articles
Denny's to be acquired and become private in a deal valued at $620 million
Denny's said Monday that it's being acquired by a group on investors in a deal that will take the breakfast chain private. Denny's board unanimously approved the deal, which values Denny's at $620 million including debt. Denny's will be purchased by private equity investment company TriArtisan Capital Advisors, investment firm Treville Capital and Yadav Enterprises, which is one of Denny's largest franchisees. Under the agreement, Denny's shareh…
The Virginian Pilot
Denny’s to be acquired and taken private in a deal valued at $620 million
By DEE-ANN DURBIN Denny’s said Monday that it’s being acquired by a group on investors in a deal that will take the breakfast chain private. Related Articles New massive Amazon robotics center opens in Virginia Beach Starbucks sells 60% stake in China business in $4 billion deal Microsoft $9.7 billion deal with IREN will give it access to Nvidia chips OpenAI and Amazon sign $38 bil…
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