Papa John’s is plunging after report says private-equity firm is no longer interested (PZZA)
|11/27/2018||Posted by BusinessMediaguide.Com under General World News||
- 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.