Denny's Corp (DENN) News & Events

$6.250

-0.010 (-0.16%)At close

DENN News

6.502-19Benzinga

Analysis of JCP Investment Management's Activist Strategy

8.501-16Globenewswire

Denny's Corporation Completes Acquisition, Shareholders Receive $6.25 Per Share

8.501-13seekingalpha

Denny's (DENN) Shareholders Approve $620M Buyout by TriArtisan and Partners

7.512-30Benzinga

Starbucks Closes 500 Stores Amid $1 Billion Overhaul Strategy

2.012-30Newsfilter

Starbucks Plans to Close 500 North American Locations as Part of $1 Billion Restructuring

7.512-30CNBC

Starbucks Plans to Close 500 Locations with $1 Billion Restructuring Investment

7.512-18Newsfilter

Keke's Breakfast Cafe Opens New Location in Corona, CA

5.012-18Yahoo Finance

Keke’s Breakfast Cafe Launches Its First Location in Corona, California, Promising Great Mornings Ahead

8.512-14Globenewswire

Gulf Island Fabrication (GIFI) Acquired by IES Holdings for $12.00 per Share

8.512-12PRnewswire

Denny's (DENN) Proposed Sale at $6.25 per Share Under Investigation by KSF

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DENN Events

1/16 14:10

Denny's Completes Acquisition by TriArtisan, Shareholders Receive $6.25 per Share

Denny's announced the successful completion of its previously announced acquisition by TriArtisan, Treville and Yadav Enterprises. The transaction closed following approval by Denny's stockholders as well as satisfaction of all required regulatory and customary closing conditions. In connection with closing, Denny's stockholders received $6.25 per share in cash for each share of Denny's common stock they own. Denny's common stock will cease trading on Nasdaq, effective as of the close of the trading session today, January 16.

11/10 10:36

Papa John's Approaches $65 Per Share Agreement to Go Private with TriArtisan, Reports ABC Money

Papa John's (PZZA) is nearing a potential buyout that would see the business taken private in an all-cash transaction by a consortium led by TriArtisan Capital Advisors, people familiar with the matter are said to have told ABC Money. TriArtisan, which recently reached an agreement to acquire Denny's (DENN) is understood to have put forward an offer of $65 per share for the pizza chain, the report said, citing sources. Shares of Papa John's jumped 9% and were halted following the report.

11/5 06:43

Benchmark Lowers Denny's Rating from Buy to Hold

Benchmark downgraded Denny's to Hold from Buy after the company agreed to be acquired by a group of investors including Yadav Enterprises for $6.25 per share.

11/3 18:37

Denny's Announces 2.9% Year-over-Year Decline in Q3 Domestic Same-Restaurant Sales

Denny's domestic system-wide same-restaurant sale were (2.9%) compared to the prior year quarter. Keke's domestic system-wide same-restaurant sales** increased 1.1% compared to the prior year quarter. Denny's opened one franchised restaurant. Denny's completed 10 remodels, including two at company restaurants. Keke's opened four new cafes, including three franchised locations. Keke's completed three remodels, including two at company cafes.

11/3 18:36

Denny's announces Q3 adjusted earnings per share of 8 cents, below consensus estimate of 10 cents.

Reports Q3 revenue $113.2M consensus $116.27M. Kelli Valade, Chief Executive Officer, stated, "Our third quarter progress on strategic initiatives demonstrates our ability to remain agile and focused on what is within our control amid a choppy industry backdrop. These achievements are the direct result of our incredible teams and franchisees maintaining their unwavering commitment to our brands and our guests. Denny's is evolving its value offerings to meet the guest where they are, strengthening its brand relevance with an enhanced digital presence, a movie collaboration, and the launch of its highly-anticipated new loyalty program. Keke's is capitalizing on continued portfolio growth and exceptional guest satisfaction while maintaining its position as a brand leader in the fastest growing segment. We will remain agile and continue working closely with our franchisees to navigate this dynamic consumer environment."

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