Denny's To Go Private In $620 Million Deal With TriArtisan

 

Denny's (NASDAQ:DENN), the diner chain famous for its pancakes and late-night breakfasts, is set to go private. The company announced Tuesday it's being acquired in a $620 million deal led by TriArtisan Capital Advisors the private equity firm behind TGI Fridays and P.F. Chang's along with Treville Capital and Yadav Enterprises, one of Denny's biggest franchisees.

As part of the deal, shareholders will receive $6.25 per share in cash, valuing the equity portion at about $322 million. That's a 52% premium over Monday's closing price and investors wasted no time reacting. Denny's stock jumped 47% to $6.03 in premarket trading after the announcement.

For Denny's, the buyout could signal a new chapter. The brand has faced softer sales and rising costs in recent years, but the new owners see room to refresh the iconic chain. With TriArtisan's restaurant expertise and Yadav's franchise experience, the group hopes to reenergize the business and modernize the Denny's experience.


Comments

Post a Comment

Popular posts from this blog

How do I earn Rs. 100 - Rs. 500 a day using my smartphone & Internet?

Image
  There are several ways you can earn money using your smartphone and the internet. Here are a few options you might consider: Complete paid surveys: There are many websites and apps that pay users to take surveys. Some of these pay in cash, while others offer rewards or points that can be redeemed for gift cards or other items. Sell products online: If you have a knack for finding unique or interesting products, you can sell them online through platforms like Etsy, eBay, or Amazon. Offer freelance services: If you have a particular skill or expertise, you can offer your services as a freelancer. This could include writing, editing, graphic design, or web development. Participate in gig economy jobs: There are many apps and websites that allow you to find short-term jobs or "gigs" in your local area. Some popular options include TaskRabbit, Uber, and Lyft. Start a blog or YouTube channel: If you have a passion for a particular topic, you can start a blog or YouTube channel an...
Read more

Experts predict bitcoin is “in for a choppy November”

Image
Bitcoin medal (Tomohiro Ohsumi/Getty Images) Nopevember? Experts predict bitcoin is “in for a choppy November” November is historically bitcoin’s best month, but the price may remain in the $107,000 to $113,000 range . u ptober was a wash , and now  bitcoin BTC $105,692.59  (-2.04%)  is starting November on a tepid note. While November is historically  bitcoin’s best month , whether it’ll become “Nopevember” or “Moonvember” hinges on several macro and geopolitical factors, analysts say. Bitcoin is starting the first week of the month around $108,000, down 14% from its  October 6 all-time high . Bitcoin ETFs suffered $798.9 million in outflows last week, bringing inflows for the month to $3.42 billion — lower than September’s $3.53 billion, according to  SoSoValue . Bitcoin might be able to turn things around from the disappointing October, but “we’re in for a choppy November,” Nic Puckrin, cofounder of Coin Bureau, told Sherwood News. “There’s ongoing ...
Read more

Which is the best way to earn money online for you?

  Freelancing: Offer your skills and services as a freelancer in areas like writing, graphic design, programming, web development, virtual assistance, or social media management. Platforms like Upwork, Freelancer, and Fiverr can connect you with clients seeking freelance services. Online Selling: Start an e-commerce business by selling products through online platforms like Amazon, eBay, Etsy, or your own website. You can sell physical products, digital goods, handmade crafts, or even dropship products. Affiliate Marketing: Promote products or services of other companies and earn a commission for each sale or referral made through your unique affiliate links. You can join affiliate programs of companies in your niche or work with affiliate networks like Amazon Associates, ShareASale, or CJ Affiliate. Online Surveys and Microtasks: Participate in online surveys, complete microtasks, or take part in paid online research studies. Websites like Swagbucks, Amazon Mechanical Turk, or Cli...
Read more