Stock Futures Point Sharply Lower; Palantir Leads Tech Declines

Denny’s Stock Skyrockets on News Restaurant Chain Being Acquired, Taken Private

56 minutes ago

Denny’s (DENN) agreed to be taken private. Investors are cheering the news.

Shares of the full-service restaurant chain are rocketing 50% in premarket trading Tuesday, a day after it announced it was being acquired by TriArtisan Capital Advisors, Treville Capital Group, and Yadav Enterprises for $620 million in cash.

Denny’s, whose shares closed at $4.11 Monday, were trading at $6.15 about 90 minutes before the bell after it announced that its board unanimously approved a deal that would see stockholders receive $6.25 per share in cash for each share of company stock they own.

Denny’s said the deal is expected to close in the first quarter of 2026, and then its shares would no longer be listed on the Nasdaq.

Shares of Denny’s had lost roughly a third of their value this year entering Tuesday.

Stock Futures Point Sharply Lower

1 hr 21 min ago

Futures contracts connected to the Dow Jones Industrial Average were down 0.8%.

S&P 500 futures fell 1.1%.

Nasdaq 100 futures declined 1.4%.