Why Did Denny’s Stock Jump in Premarket Today? Private Acquisition Deal Confirmed

Denny’s Corporation (NASDAQ: DENN) experienced a dramatic surge in premarket trading on Tuesday, November 4, 2025, jumping over 46% after announcing a definitive agreement to be acquired by a consortium of private investors. The all-cash transaction values the iconic restaurant chain at approximately $620 million and represents a significant premium over recent trading levels.

The deal marks a pivotal moment for the struggling restaurant operator, which has faced challenges in recent years amid a difficult consumer environment.

Inside Denny’s $620 Million Buyout and the Investors Behind It

The acquisition agreement, announced late Monday, November 3, 2025, will see Denny’s stockholders receive $6.25 per share in cash. This represents a substantial 52.1% premium over the stock’s closing price of $4.11 on Monday and a 36.8% premium to the company’s 90-day volume-weighted average share price.

The buyer consortium includes TriArtisan Capital Advisors, a New York-based private equity firm with experience investing in restaurant concepts like P.F. Chang’s, Treville Capital Group, an alternative asset manager, and Yadav Enterprises, one of the largest Denny’s franchisees operating approximately 550 restaurants nationwide.

Denny’s CEO Kelli Valade indicated that the Board of Directors conducted a thorough review of strategic alternatives after receiving initial interest from TriArtisan. The company reached out to more than 40 potential buyers and received multiple offers before unanimously approving this transaction.

The deal is expected to close in the first quarter of 2026, subject to stockholder approval and regulatory clearances. Upon completion, Denny’s will become a privately held company and its common stock will be delisted from the Nasdaq exchange.

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DENN Stock Skyrockets Following Take-Private Deal Announcement

In premarket trading at 8:34 AM EST on Tuesday, DENN stock was trading at $6.19, up $2.08 or 50.61% from Monday’s close. The dramatic jump brought the stock close to the $6.25 per share acquisition price.

Despite this surge, Denny’s has experienced significant challenges throughout 2025, with the stock declining 34.45% year-to-date and 37.44% over the past year. The company’s market capitalization stood at approximately $211.66 million at Monday’s close, with a 52-week range between $2.85 and $7.73.

The struggling performance reflects broader challenges facing the full-service restaurant sector and Denny’s specifically. As of June 25, 2025, the company operated 1,558 restaurants globally, including 1,474 franchised locations and 84 company-operated stores across both the Denny’s and Keke’s brands.

The acquisition provides a significant exit opportunity for shareholders who have endured the stock’s prolonged decline, offering immediate liquidity at a substantial premium to recent trading levels.

Disclaimer: The author does not hold or have a position in any securities discussed in the article. All stock prices were quoted at the time of writing.