Denny’s shares jump 50% after it agrees to go private in $322M deal

Denny's has agreed to be acquired by a consortium led by TriArtisan Capital Advisors in a deal valued at $322 million, which will take the diner chain private. TriArtisan Capital Advisors, which also owns PF Chang's, is partnering with investment firm Treville Capital Group and Yadav Enterprises, a major Denny's franchisee, for the buyout. This agreement resulted in a 50% surge in Denny's share price, with stockholders set to receive $6.25 in cash per share, representing a 52% premium over Monday's closing price. The Denny's board of directors has unanimously approved the transaction, which is anticipated to finalize in the first quarter of 2026. The decision to go private comes after Denny's conducted a strategic review, engaging with over 40 potential buyers and receiving multiple offers. The company has faced challenges, including pausing its 24/7 service during the pandemic and struggling to attract customers facing inflation and choosing to dine at home. Over the last two years, Denny's... download the app to read more