Denny's announced it is being acquired by a group of investors in a deal valued at $620 million, which includes debt. This acquisition will take the well-known diner chain private.

If Denny's shareholders approve the deal, it is expected to close in the first quarter of 2026. Following this, Denny's stock will be delisted from the NASDAQ, marking the end of its nearly six-decade presence on the public stock market.

Last fall, Denny's revealed plans to close about 150 of its lowest-performing locations.

This move comes as part of the company's strategy to streamline operations and focus on more profitable locations.

The investor group aims to enhance the Denny's brand while taking it off the public trading platform. This change could potentially bring new opportunities for the diner cha

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