Dine Brands rejects $39-a-share buyout offer from Arkhouse and Cobblers Cove
DIN•Dine Brands Global rejected a cash offer from Arkhouse Management and Cobblers Cove Capital to buy all outstanding shares for $39 each, saying the proposal was inadequate and substantially undervalued the company.
1. Offer rejected
Dine Brands Global notified Arkhouse Management and Cobblers Cove Capital on October 29, 2026, that it had rejected their proposal, received on October 26, to buy all outstanding common shares for $39 per share in cash. After reviewing the offer with outside advisers, the board determined it was inadequate and substantially undervalued the company.
