Denny's Breakfast Chain Sold in $620 Million Deal, Taking Company Private
In a move that will see the popular breakfast chain go private, Denny's has been acquired by a consortium of investors led by TriArtisan Capital Advisors and investment firm Treville Capital, with Yadav Enterprises, one of the company's largest franchisees, also playing a role. The deal, valued at $620 million, including debt, is expected to give shareholders a hefty payout.
Under the agreement, Denny's will be purchased for $6.25 per share in cash, amounting to a total of $322 million, representing a 52% premium over the company's closing stock price on Monday. As a result, shares jumped by 47% in after-hours trading.
The deal marks a significant shift for Denny's, which has faced challenges in recent years, including plummeting sales during the COVID-19 pandemic and changing customer dining patterns. The company has also struggled to compete with newer chains that have promoted healthier breakfast options.
In response to the news, Denny's CEO Kelli Valade stated that the company reached out to over 40 potential buyers and received multiple offers, but believed the announced deal was in the best interest of shareholders and provided the best path forward for the company.
The new owners hail Denny's as "an iconic piece of the American dream" with a strong franchise base and loyal customers. Rhohit Manocha, Co-Founder and Managing Director of TriArtisan Capital Advisors, expressed enthusiasm about working with Denny's management team to support long-term strategic growth plans.
If approved by shareholders, the deal is expected to close in the first quarter of 2026.
In a move that will see the popular breakfast chain go private, Denny's has been acquired by a consortium of investors led by TriArtisan Capital Advisors and investment firm Treville Capital, with Yadav Enterprises, one of the company's largest franchisees, also playing a role. The deal, valued at $620 million, including debt, is expected to give shareholders a hefty payout.
Under the agreement, Denny's will be purchased for $6.25 per share in cash, amounting to a total of $322 million, representing a 52% premium over the company's closing stock price on Monday. As a result, shares jumped by 47% in after-hours trading.
The deal marks a significant shift for Denny's, which has faced challenges in recent years, including plummeting sales during the COVID-19 pandemic and changing customer dining patterns. The company has also struggled to compete with newer chains that have promoted healthier breakfast options.
In response to the news, Denny's CEO Kelli Valade stated that the company reached out to over 40 potential buyers and received multiple offers, but believed the announced deal was in the best interest of shareholders and provided the best path forward for the company.
The new owners hail Denny's as "an iconic piece of the American dream" with a strong franchise base and loyal customers. Rhohit Manocha, Co-Founder and Managing Director of TriArtisan Capital Advisors, expressed enthusiasm about working with Denny's management team to support long-term strategic growth plans.
If approved by shareholders, the deal is expected to close in the first quarter of 2026.
The new owners seem pretty pumped about it though, calling it an "iconic piece" of the country's culinary scene. I guess when you're not feeling the competition from newer chains that are all about healthier options, you gotta think outside the box... or in this case, the diner! 
The price seems a bit steep to me, but hey, if shareholders get a nice payout, who's complaining? 
for like $620 million!!! It's crazy how much cash they're raking in 
. But hey, at least the new owners think denny's is still super valuable lol! They even said it's an "iconic piece of the American dream" 
... idk about that but I guess they're feelin some nostalgia vibes 
. Anywayz, this should be interestin to see how they'll make Denny's more competitive again 
. I'm all for people making a profit, but at the same time, I worry that this might mark the end of an American institution 
. Can't help but wonder what's next for Denny's - will they modernize or stick with their classic vibe? 
just read that denny's got sold for $620 mil 
theyre goin private which means shareholders are gettin a nice payday tho 
hope the new owners can turn things around and make denny's breakfasts better than ever again 
. That's some serious cash for shareholders! 
Private company, big payout for existing investors 
gotta admit, their grand slams are still pretty solid 
but we'll see how this whole private deal thing plays out 
. Plus, getting rid of all that debt should be a huge weight off their shoulders 
. Fingers crossed they can turn it around and make Denny's breakfast chain awesome again once more 
denny's has had some struggles in recent years so maybe this is a good thing for them to get a fresh start 
. I heard the new owners are super stoked about taking the company private and making some changes to get back on track 
i feel bad for the current shareholders who got a sweet payout but i'm also curious to see how this changes things for the company 
maybe they'll be able to revamp their menu and appeal to a new crowd of customers 
. What's next? Some soulless corporation buying up all our local eateries and turning them into sterile franchises? 
And don't even get me started on the shareholders... they'll be laughing all the way to the bank with their 47% share price jump 
it's no surprise that they're getting a new backer tho 