December 24: Denny’s Buyout at $6.25 Nears 2026 Close as Closures Ease
On December 24, Denny’s buyout advanced with a clear update: the $620 million take-private remains on schedule to close in Q1 2026 at $6.25 per share in cash. The company says the planned shuttering of about 150 underperforming units is largely complete, while new openings continue. Management targets a return to flat-to-positive net unit growth by 2026. For investors, this reduces chatter that closures could disrupt the deal and clarifies the merger-arbitrage timeline into next year.
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