Denny's Board Approves $620M Take-Private Deal Expected 2026

Denny's Corporation has agreed to be acquired and taken private in a $620 million all-cash deal led by private equity firm TriArtisan Capital Advisors, investment firm Treville Capital Group, and one of Denny's largest franchisees, Yadav Enterprises. The transaction, which received unanimous approval from Denny's Board of Directors, will pay shareholders $6.25 per share, representing a 52% premium over the recent stock price. This move follows a strategic review involving outreach to over 40 potential buyers, with the consortium viewed as the best path forward for the company and its shareholders. TriArtisan Capital Advisors emphasized Denny's status as an iconic American brand with a loyal franchise base, and the deal is expected to support the company's long-term growth plans. Upon closing, anticipated in the first quarter of 2026 pending regulatory and shareholder approval, Denny's stock will be delisted from Nasdaq. The acquisition reflects a continuing trend of private equity takeovers in the restaurant industry.