Denny's Stockholders to Receive $6.25 Per Share in Cash, Delivering Significant, Near-Term and Certain Cash Value

Purchase Price Represents Premium of 52.1% to Closing Price on Monday, November 3 and 36.8% Premium to 90-Day VWAP

SPARTANBURG, S.C. and NEW YORK, Nov. 03, 2025 (GLOBE NEWSWIRE) -- Denny's Corporation (the "Company" or "Denny's") (NASDAQ:DENN), owner and operator of Denny's Inc. and Keke's Inc., today announced that it has entered into a definitive agreement to be acquired by a group consisting of TriArtisan Capital Advisors LLC ("TriArtisan"), an established New York-based private equity investment firm and experienced investor in global restaurant and hospitality assets, Treville Capital Group ("Treville"), a leading investment firm focused on alternative assets, and Yadav Enterprises, Inc. ("Yadav Enterprises"), owner-operator of approximately 550 restaurants nationwide and one of the largest Denny's franchisees, in an all-cash transaction with an enterprise value of approximately $620 million.

Under the terms of the agreement, which was unanimously approved by the Denny's Board of Directors, Denny's stockholders will receive $6.25 per share in cash for each share of Denny's common stock they own. The purchase price represents a 52.1% premium to Denny's' closing stock price on Monday, November 3, 2025, the last full trading day prior to the transaction announcement, and a 36.8% premium to the Company's 90-day volume-weighted average share price for the period ended November 3, 2025.

TriArtisan brings deep experience investing in full-service, global dining and entertainment concepts, such as P.F. Chang's, providing resources to invest in their brands, support franchisees and help them grow their businesses. Treville is an alternative asset manager that leverages its platform and deep sector expertise to provide customized solutions for companies. Yadav Enterprises, led by Anil Yadav, brings significant experience and a 30-plus-year record of success across a variety of restaurant concepts, including as a Denny's franchisee. Upon completion of the transaction, Denny's will become a privately held company.