A major restaurant chain is making a big change after closing 150 locations last year.
Denny’s Corporation announced this month that its Denny’s restaurants have been successfully acquired in a $620 million buyout by a group that including TriArtisan Capital Advisors, Treville Capital Group and Yadav Enterprises. Yadav, one of Denny’s largest franchisees, and other stockholders received $6.25 for each share of Denny’s common stock they own.
The transaction closed Jan. 16 following approval by Denny’s stockholders as well as satisfaction of all required regulatory and customary closing conditions, the company said. The deal takes the iconic diners private and promises “enhanced flexibility and resources to invest in its brands, support franchisees and accelerate its growth initiatives.”…