Mergers & Acquisitions ·
Dine Brands rejects Arkhouse and Cobblers Cove's $39 per share cash proposal as inadequate
DINDine Brands Global, Inc.
On October 26, 2026, Dine Brands Global received an unsolicited, non-binding acquisition proposal from Arkhouse Management Co. LP and Cobblers Cove Capital LP to buy all outstanding common shares for $39.00 in cash. After review with advisors, the Board determined the offer substantially undervalued the company. On October 29, Dine Brands formally rejected the Proposal. The company operates in the restaurant industry, franchising and operating casual dining concepts including Applebee's.