WASHINGTON Investment fund Olstein Capital Management LP has purchased a 9.5-percent stake in family-dining company Denny’s Corp. and said it planned to take “an active interest” 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’s from early August through Oct. 5 for prices ranging between $3.73 and $4.40 per share, said it believed Denny’s stock was undervalued.“Steps ...
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