Dine Brands Global, Inc. Form SCHEDULE 13D — Nov 2, 2026
Cobblers Cove Capital and Matthew Perkal filed a Schedule 13D on Dine Brands Global (NYSE: DIN) disclosing a 173,027-share (~1.4%) stake and a joint non-binding proposal with Arkhouse Management to acquire all outstanding Dine Brands shares for $39.00 per share in cash — a 25.4% premium to the October 23 close of $31.10 and 32.8% premium to the 30-day VWAP. Dine Brands' Board rejected the proposal on October 29, less than 24 hours after reportedly noticing receipt of the offer, without engaging with the bidders.
Key figures
- Deal Value Usd
- 0
- Offering Price
- 39
- Shares Outstanding
- 12659150
- 30day vwap
- 29.37
- Arkhouse shares
- 546700
- Close price oct23
- 31.1
- Cobblers cove shares
- 173027
- Cobblers cove percent
- 1.4%
- Premium to 30day vwap
- 32.8%
- Premium to close oct23
- 25.4%
- Group percent with arkhouse
- 5.7%
- Cobblers cove committed capital
- $1 billion
AI analysis
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