An iconic restaurant brand is going private.
Denny’s announced that the firm that owns popular restaurant brands, such as TGI Fridays, will acquire the chain for a sum of $620 million, including debt.
A group of investors, which includes private equity investment firm TriArtisan Capital Advisors, investment firm Treville Capital and Denny’s franchisee Yadav Enterprises, will own the company, according to the Associated Press.
They also intend to take Denny’s from a public to a private company.
Here’s how the deal will impact the classic restaurant’s customers.
How will the Denny’s sale affect you?
If you’re a stockholder, expect to cash in on the deal.
The firm would offer Denny’s stockholders $6.25 per share in cash for each owned, according to Reuters.
Denny’s stock surged nea

Lehigh Valley Live

Associated Press Top News
Idaho Press-Tribune
Reuters US Business
The Daily Sentinel
Newsday
Reuters US Economy
RadarOnline