Halper Sadeh LLC Urges Shareholders of CIVI, DENN, PRO, and HSII to Reach Out for Rights Consultation
Investigation of Companies: Halper Sadeh LLC is investigating Civitas Resources, Denny’s Corporation, PROS Holdings, and Heidrick & Struggles for potential violations of federal securities laws and breaches of fiduciary duties related to their sales to other companies.
Shareholder Rights: Shareholders of the mentioned companies are encouraged to learn about their rights and options regarding the proposed transactions, with Halper Sadeh LLC offering legal assistance on a contingent fee basis.
Legal Support Offered: The firm represents investors globally who have experienced securities fraud and corporate misconduct, aiming to seek increased consideration and additional disclosures for shareholders.
Contact Information: Interested shareholders can contact Halper Sadeh LLC for a free consultation regarding their legal rights, with provided contact details for attorneys Daniel Sadeh and Zachary Halper.
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- Acquisition Completed: Denny's Corporation announced the successful completion of its acquisition by TriArtisan, Treville, and Yadav Enterprises, with shareholders receiving $6.25 per share in cash, marking a strategic transformation under new ownership.
- Enhanced Brand Investment: The acquisition will provide Denny's with greater flexibility and resources to invest in its brands and support franchisees, expected to accelerate growth initiatives and enhance market competitiveness.
- Market Position Strengthened: As of September 2025, Denny's operates 1,537 restaurants, with 1,452 being franchised, and the acquisition will further solidify its position as one of the largest full-service restaurant chains in the U.S.
- Management Team Support: TriArtisan's management team brings extensive investment experience in the restaurant industry, and the acquisition will provide Denny's with the necessary resources to support its long-term strategic growth plans, ensuring continued market leadership.
- Shareholder Approval: Denny's (DENN) shareholders have approved a $620 million buyout by TriArtisan Capital Advisors and partners, marking a significant shift to private ownership that is expected to enhance financial flexibility and strategic execution.
- Historical Overview: Founded in 1953 as a coffee shop, Denny's evolved into a 24-hour diner, rapidly expanding through franchising in the 1960s and 1970s, showcasing strong market adaptability and brand influence.
- Asset-Light Strategy: Throughout the 2000s and 2010s, Denny's management adopted an asset-light model by refranchising restaurants, successfully positioning the brand as a cash-generative franchisor despite facing post-pandemic market challenges.
- Current Store Count: As of June 25, 2025, Denny's operates 1,558 locations, including 1,484 Denny's-branded restaurants and 74 Keke's restaurants, indicating its ongoing presence and expansion potential in the market.
- Increased Market Pressure: In 2025, the restaurant industry faced severe challenges, prompting Starbucks to close approximately 500 North American cafes in response to declining sales, reflecting a trend of consumers shifting towards home cooking, which is expected to impact the company's short-term revenue.
- Strategic Restructuring: Starbucks has implemented a $1 billion overhaul strategy aimed at improving operational efficiency; although the decision to close its high-end Seattle Roastery has raised eyebrows, this move is intended to stabilize domestic sales and enhance market competitiveness.
- Industry Contraction: Several iconic chains have reduced their footprints in 2025, with Denny's closing 70 to 90 units and Papa John's shutting down 173 locations, indicating an overall industry shrinkage that may lead to further market share concentration.
- Investor Intervention: Following its store closures, Denny's was acquired by private investors for $620 million, aimed at stabilizing operations, reflecting investor confidence and expectations for recovery in the restaurant sector.

- Industry Decline: According to Black Box Intelligence, U.S. restaurant traffic fell every month in 2025 except for July, indicating that inflation-weary consumers are dining out less, prompting many chains to close underperforming locations.
- Starbucks Restructuring: Starbucks announced plans to close approximately 500 North American locations as part of a $1 billion restructuring effort aimed at reversing sales declines in its largest market, including the closure of its upscale Reserve Roastery in Seattle.
- Wendy's Strategic Review: Wendy's announced a strategic review in 2025, planning to close hundreds of underperforming U.S. locations as part of its
- Restructuring Plan: Starbucks announced plans to close approximately 500 North American locations as part of a $1 billion restructuring initiative aimed at addressing declining sales in the U.S. market, with the goal of improving overall business performance.
- Market Response: Under CEO Brian Niccol's leadership, Starbucks aims to reverse the sales slump, despite pressures from reduced consumer spending, and is expected to share more details during the upcoming investor day.
- Industry Trends: In 2025, the restaurant industry faces widespread challenges, with many chains opting to close underperforming locations, reflecting a shift in consumer preferences towards home dining and deals, resulting in an overall decline in traffic.
- Competitive Pressure: Amid intensified competition in the fast-food sector, brands like Wendy's and Denny's have also announced closures of hundreds of locations, highlighting the industry's operational difficulties and the need for a reassessment of market demand.
- Market Expansion: Keke's Breakfast Cafe has opened a new location at Bedford Canyon Road in Corona, marking its first entry into the Los Angeles market and indicating ongoing expansion in California, with plans for additional locations soon.
- Brand Value: Known for fresh ingredients and made-to-order classics, Keke's has built a loyal customer base, particularly for its signature Florida Pancakes and three-egg omelets, which further solidifies its competitive position in the breakfast market.
- Community Integration: The new cafe features a bright and comfortable design aimed at providing a warm gathering space for families and friends, enhancing the brand's connection with the local community and promoting customer loyalty.
- Operating Hours: The Corona location is open daily for breakfast, brunch, and lunch from 7 a.m. to 2:30 p.m., catering to the dining needs of local residents.









