{"id":354097,"date":"2025-11-04T03:41:10","date_gmt":"2025-11-04T03:41:10","guid":{"rendered":"https:\/\/www.europesays.com\/us\/354097\/"},"modified":"2025-11-04T03:41:10","modified_gmt":"2025-11-04T03:41:10","slug":"dennys-to-be-acquired-and-taken-private-in-a-deal-valued-at-620-million","status":"publish","type":"post","link":"https:\/\/www.europesays.com\/us\/354097\/","title":{"rendered":"Denny’s to be acquired and taken private in a deal valued at $620 million"},"content":{"rendered":"

Denny\u2019s said Monday that it\u2019s being acquired by a group on investors in a deal that will take the breakfast chain private.<\/p>\n

Denny\u2019s board unanimously approved the deal, which values Denny\u2019s at $620 million including debt. Denny\u2019s will be purchased by private equity investment company TriArtisan Capital Advisors, investment firm Treville Capital and Yadav Enterprises, which is one of Denny\u2019s largest franchisees.<\/p>\n

Under the agreement, Denny\u2019s shareholders will receive $6.25 per share in cash for each share of Denny\u2019s common stock they own, or a total of $322 million. That represents a 52% premium to Denny\u2019s closing stock price Monday. <\/p>\n

Denny\u2019s shares jumped 47% in after-hours trading Monday.<\/p>\n

Denny\u2019s was founded in 1953 in Lakewood, California, as Danny\u2019s Donuts. The name was changed to Denny\u2019s Coffee Shops in 1959 to avoid confusion with another chain. Denny\u2019s began trading on the New York Stock Exchange in 1969.<\/p>\n

Like many casual chains, Denny\u2019s saw its sales plummet during the COVID pandemic. Once the pandemic eased, it found itself dealing with changing customer dining patterns, including a heavier reliance on delivery<\/a>. Denny\u2019s has also struggled as newer chains like First Watch<\/a> promoted healthier breakfast options.<\/p>\n

Last fall, Denny\u2019s said it planned to close 150 of its lowest-performing locations<\/a>. At the end of the second quarter, Denny\u2019s had 1,558 restaurants worldwide, including 1,422 Denny\u2019s restaurants and 74 Keke\u2019s restaurants. Denny\u2019s acquired the Keke\u2019s brand in 2022.<\/p>\n

Denny\u2019s CEO Kelli Valade said the company reached out to more than 40 potential buyers and received multiple offers. Valade said Denny\u2019s board believed the deal announced Monday was in the best interest of shareholders and the best path forward for the company.<\/p>\n

TriArtisan Co-Founder and Managing Director Rhohit Manocha called Denny\u2019s \u201can iconic piece of the American dream\u201d with a strong franchise base and loyal customers.<\/p>\n

\u201cWe look forward to working with Kelli and the rest of the Denny\u2019s team and franchisees to provide resources and support the Company\u2019s long-term strategic growth plans,\u201d Manocha said in a statement.<\/p>\n

If it\u2019s accepted by Denny\u2019s shareholders, the deal is expected to close in the first quarter of 2026.<\/p>\n","protected":false},"excerpt":{"rendered":"Denny\u2019s said Monday that it\u2019s being acquired by a group on investors in a deal that will take…\n","protected":false},"author":3,"featured_media":354098,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[6],"tags":[64,11289,60,57,173001,16266,61,67,132,68,173002],"class_list":{"0":"post-354097","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-business","8":"tag-business","9":"tag-finance-business","10":"tag-financial-services","11":"tag-general-news","12":"tag-kelli-valade","13":"tag-stocks-and-bonds","14":"tag-u-s-news","15":"tag-united-states","16":"tag-unitedstates","17":"tag-us","18":"tag-yadav-enterprises"},"share_on_mastodon":{"url":"https:\/\/pubeurope.com\/@us\/115489360033603875","error":""},"_links":{"self":[{"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/posts\/354097","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/comments?post=354097"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/posts\/354097\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/media\/354098"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/media?parent=354097"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/categories?post=354097"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/tags?post=354097"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}