Denny’s stock heads for its biggest gain in decades after the best of multiple buyout bids is accepted
1. Denny's agrees to be taken private for $620 million. 2. Buyout offers $6.25 per share, a 52.1% premium. 3. Stock rose 49.9% in premarket, largest gain since 2003. 4. Denny's stock had dropped 32.1% year-to-date before announcement. 5. Deal expected to close in Q1 2026, delisting from Nasdaq.