Denny’s to exit stock market in $6.25-per-share private buyout deal
Denny’s is set to go private in early 2026 after agreeing to an all-cash buyout. The deal values the diner chain at $6.25 per share—a 52% premium over its stock price before the announcement. Shareholders now await final approval, with no rival bids or regulatory obstacles reported so far.
The buyout follows years of stagnant growth for Denny’s. Revenue has remained flat over the past three years, with breakeven earnings and minimal free cash flow. Same-store sales also fell by 2.9% in Q3 2025, contrasting with competitor Keke’s 1.1% rise during the same period.
The transaction marks the end of Denny’s public trading after decades on the stock market. Shareholders will receive a significant premium, while the chain joins a growing conglomerate of casual dining brands. Finalisation depends on clearing remaining regulatory checks before the 2026 deadline.
