Denny’s will be bought for $6.25/share in a $620M deal, taking it private in early 2026.

Denny’s Corporation has agreed to a $620 million cash buyout led by TriArtisan Capital Advisors, Treville Capital, and franchisee Yadav Enterprises, with shareholders to receive $6.25 per share—a 52% premium—pending approval. The deal, expected to close in early 2026, will take the chain private after a period of declining sales and shifting consumer habits. The company, which operates 1,558 locations globally, previously closed 150 underperforming stores. Denny’s board unanimously approved the transaction, and shares surged 47% in after-hours trading. Halper Sadeh LLC is investigating whether the board upheld its fiduciary duties in securing the deal.