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Olstein Capital, Olstein Funds report 9.5% and 8.6% stakes in Denny's
By Jennifer Chiou
New York, Oct. 10 - Denny's Corp. investors led by Olstein Capital Management, LP and the Olstein Funds increased their stake in the company with the purchase of 2,580,085 shares between Aug. 6 and Oct. 5 at prices of $3.73 to $4.40 each, according to a schedule 13D filing with the Securities and Exchange Commission.
Olstein Capital reported beneficial ownership of 8,887,100 shares, or 9.5%, of the Spartanburg, S.C.-based full-service family restaurant chain, and Olstein Funds held 8,120,900 shares, or 8.6%, of the company.
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