Denny’s Corporation has agreed to be acquired for $620 million by an investor group, the company said in a Nov. 3 statement.
Under the agreement, “Denny’s stockholders will receive $6.25 per share in cash for each share of Denny’s common stock they own. The purchase price represents a 52.1 percent premium to Denny’s’ closing stock price on Monday, November 3, 2025, the last full trading day prior to the transaction announcement,” the company said.
The all-cash transaction was unanimously approved by Denny’s board of directors. Denny’s is one of the largest full-service restaurant chains in the United States, based on the number of restaurants….