Restaurant Chain Denny's to be Taken Private in $620 Million Deal
Restaurant chain Denny's announced on Monday it would be acquired by a group comprising TGI Fridays-owner TriArtisan Capital Advisors in a $620 million deal, including debt.
Under the agreement, the group, which also consists of investment firm Treville Capital and restaurant-operator Yadav Enterprises, would offer Denny's stockholders $6.25 per share in cash for each owned.
The purchase price implies a premium of 52.1% to stock's last close. Shares of Denny's, known for its inexpensive breakfast menu...
To Read Full Story Login Below.
Submit comment or question
Note: All comments are displayed with user's screen name. If screen name is not present, user's full name will be used. Please go to My Account to update your screen name.
Comment Policy: Urner Barry has made the comment feature available to encourage further discussion of our news stories. Defamatory or offensive comments, or comments deemed not relevant to the story will be removed, and if necessary, Urner Barry may restrict the right of individual subscribers to offer comments. In all cases, comments represent opinions of the poster only, and do not represent fact, news, opinions or estimates put forward by Urner Barry.
Email Address is required. Password is required.