Oak Street Capital Management and Dash Acquisitions own a combined 6.5% stake in Denny's Corporation (DENN), and recently launched a proxy fight to add three new members to the company's board of directors. Calling themselves the Committee to Enhance Denny's, the group opined in a letter that "Shareholders cannot afford to allow the board and management to have more time to implement an effective strategy. We will not linger on the sidelines at this critical juncture."Dash Acquisitions president Michael Dash, one of the group's three nominees, has been eating at Denny's a lot lately and he isn't happy. He talked with the Wall Street Journal today -- making him possibly the first major shareholder in a publicly-traded restaurant company to trash the company's food in an interview with a national publication.
Continue reading Denny's Shareholder Trashes Chain in WSJ Interview
Denny's Shareholder Trashes Chain in WSJ Interview originally appeared on BloggingStocks on Fri, 05 Mar 2010 18:30:00 EST. Please see our terms for use of feeds.
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Full story at http://www.pheedcontent.com/click.phdo?i=0189036f087b89fb69a845b555b885b6
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