Denny's soars amid $620 million take-private deal

Dennys

03/11/2025 23:24

** Shares of restaurant chain Denny's DENN.O rise about 47% to $6.03

** Denny's to be bought by Triartisan Capital Advisors, Treville Capital Group and Yadav Enterprises for $620 million, or $6.25 per share, in cash

** Company will be delisted from the Nasdaq after deal

** Co missed profit estimates for second-quarter in August

** Up to last close, stock down about 32% YTD

(Reporting by Anshi Sancheti in Bengaluru)

((Anshi.Sancheti@thomsonreuters.com))