Denny’s Acquired by Investor Group for $620M

In a major deal within the restaurant industry, diner chain Denny’s has been acquired by an investor group for a whopping $620 million. The agreement, which is an all-cash deal, will see Denny’s and its sister brand taken private by the investor group.

This acquisition marks a significant move in the restaurant chain’s history, as it transitions into private ownership under the management of the investor group. The popular American diner is known for its breakfast offerings and casual dining atmosphere.

The investor group behind the acquisition has not been disclosed, but it is believed to be a consortium of private equity investors looking to capitalize on the strong brand presence and loyal customer base of Denny’s.

With the closure of the deal imminent, Denny’s is set to enter a new chapter under private ownership. The $620 million acquisition is expected to bring about changes in the management structure and operational strategies of the restaurant chain.