Denny’s management under the gun

SPARTANBURG S.C. A group of Denny’s Corp. shareholders said Tuesday it would nominate three outside executives to the restaurant company’s board of directors in an attempt to turn around what it called a “significant destruction of shareholder value.”

The group of shareholders, represented by Oak Street Capital Management LLC and Dash Acquisitions LLC, collectively owns 6.5 percent of Denny’s common stock, and will nominate Patrick H. Arbor,a

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