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Jerome J Jr Richardson

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BUSINESS
June 8, 1989 | JESUS SANCHEZ, Times Staff Writer
After resisting a nine-month takeover assault, the owner of Denny's coffee shops on Wednesday agreed to be acquired by a New York investment firm in a deal valued at $1.65 billion. TW Services, which also owns El Pollo Loco restaurants and 42% of Winchell's Donut Houses, agreed to a sweetened $34-a-share cash offer from Coniston Partners. Coniston, which already owns 19% of TW stock, had boosted its offer from $29 a share. "It's a big relief not only for me but for over 100,000 employees," said TW president Jerome J. Richardson Jr., the probable replacement for chairman Frank L. Salizzoni, who is expected to leave.
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BUSINESS
June 8, 1989 | JESUS SANCHEZ, Times Staff Writer
After resisting a nine-month takeover assault, the owner of Denny's coffee shops on Wednesday agreed to be acquired by a New York investment firm in a deal valued at $1.65 billion. TW Services, which also owns El Pollo Loco restaurants and 42% of Winchell's Donut Houses, agreed to a sweetened $34-a-share cash offer from Coniston Partners. Coniston, which already owns 19% of TW stock, had boosted its offer from $29 a share. "It's a big relief not only for me but for over 100,000 employees," said TW president Jerome J. Richardson Jr., the probable replacement for chairman Frank L. Salizzoni, who is expected to leave.
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