Dine Brands Global, Inc. Form SCHEDULE 13D — Nov 2, 2026
Arkhouse Management, together with Cobblers Cove Capital, disclosed a Schedule 13D on Dine Brands Global (NYSE: DIN) revealing a non-binding proposal to acquire the company for $39.00 per share in cash — a 32.8% premium to the 30-day VWAP and 25.4% above the October 23 close of $31.10. The Dine Brands board rejected the proposal on October 29, less than 24 hours after noticing receipt, prompting a November 2 letter from the pair expressing disappointment and renewed eagerness to engage — including a stated openness to raising the price after due diligence.
Key figures
- Deal Value Usd
- $39.00 per share cash proposal for 100% of Dine Brands
- Shares Outstanding
- 12659150
- Vwap 30day
- 29.37
- Premium to close
- 25.4%
- Swap notional usd
- 49410235
- Arkhouse shares owned
- 546700
- Premium to 30day vwap
- 32.8%
- Swap reference shares
- 1711286
- Arkhouse percent owned
- 4.3%
- Closing price 2026 10 23
- 31.1
- Group percent with cobblers
- 5.7%
- Aggregate purchase price usd
- 15683250
- Economic exposure with swaps
- 17.8%
- Economic exposure incl cobblers
- 19.2%
- Swap weighted avg reference price
- 28.87
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