Activist investors were a force to be reckoned with during the middle part of the last decade. They helped change control of such high-profile chains as Wendy’s, Outback Steakhouse and Steak ’n Shake, and encouraged new corporate strategies related to leverage, share purchases, real estate ownership, franchise development and dividends. Now, judging from such recent showdowns as that at Denny’s, it looks like they may be circling public restaurant companies once again, and ...
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