Home » General World News » Papa John’s is plunging after report says private-equity firm is no longer interested (PZZA)

Papa John’s is plunging after report says private-equity firm is no longer interested (PZZA)





Papa John's

  • Papa John’s was plunging, its stock down over 14%, on Tuesday after a report indicated that Trian Fund Management was no longer interested in buying the company.
  • Other private-equity funds are said to be interested in partial stakes, according to The Wall Street Journal.
  • In August, Papa John’s said it was exploring strategic alternatives, including a sale.
  • Watch Papa John’s trade live.

Papa John’s was plunging Tuesday afternoon following a report suggesting the private-equity firm Trian Fund Management was no longer interested in a deal.

Shares fell more than 12% after The Wall Street Journal, citing people familiar with the matter, read more >>>

Source:: BusinessInsider.Com

Comments are closed.