WASHINGTON Investment fund Olstein Capital Management LP has purchased a 9.5-percent stake in family-dining company Denny‚Äôs Corp. and said it planned to take ‚Äúan active interest‚ÄĚ in the strategic direction of the company, according to a filing made Wednesday with securities regulators. Olstein, which purchased nearly 9 million shares of Denny‚Äôs from early August through Oct. 5 for prices ranging between $3.73 and $4.40 per share, said it believed Denny‚Äôs stock was undervalued.‚ÄúSteps ...
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Contact: Desiree Torres Desiree.Torres@penton.com