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