Denny’s is being acquired by a group on investors in a deal that will take the breakfast chain private.

The restaurant’s board on Monday unanimously approved the deal, which values Denny’s at $620 million, including debt. Denny’s will be purchased by private equity investment company TriArtisan Capital Advisors, investment firm Treville Capital and Yadav Enterprises, which is one of chain’s largest franchisees. PBN Branded Content

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Under the agreement, Denny’s shareholders will receive $6.25 per share in cash for each share of Denny’s common stock they own, or a total of $322 million. That represents a 52% premium to Denny’s closing st

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